🔴 Space ETF (WARP) is trading 3.13% down in pre-market as Brent crude tops $100

WARP is trading at $20.27, down 3.13% in pre-market as escalating Middle East tensions push Brent crude above $100 and raise inflation concerns.

• Higher defense-related demand expectations have not offset the decline.
• Reuters reported Houthi attacks disrupted Saudi energy facilities and injured 73 people.
• Broader U.S. futures moved lower, weighing on risk-sensitive aerospace, technology, and industrial exposures.