WARP is trading at $20.25 (-3.20%) after Brent crude surpassed $100 as renewed U.S.-Iran military escalation raised energy-supply disruption and inflation concerns.
- Broader risk-off trading is pressuring growth-sensitive space and technology holdings, with major U.S. indexes lower.
- Defense-related demand expectations have not offset the wider de-risking and higher-energy-cost concerns affecting WARP.