WQTM is trading at $31.56 (-3.46%) as Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz sent crude prices sharply higher, reviving inflation concerns. - Nasdaq 100 futures fell 0.98% in early trading. - Rising oil and multi-decade-high Treasury yields pressured growth-sensitive technology shares. Markets priced a 70% chance of an October Fed hike; the broader market was also lower, supporting a macro-driven explanation for WQTM’s move.