🔴 Rolls-Royce is trading 5% down on October 22 as Hormuz tanker reports drove oil higher

Rolls-Royce is trading at £1,259.60, down 5.11% at the October 22 close, amid broader market weakness and reports of tanker incidents in the Strait of Hormuz that drove oil prices higher and weighed on risk sentiment.

• Trading volume was 41.59 million shares.
• No company-specific negative catalyst was identified for the drop.
• A separate October 23 report said Rolls-Royce was nearing a possible UK subsidy deal for a new engine.