🔴 Defense ETF (XAR) is trading 3.25% down as rising oil and yields pressure equities

XAR is trading at $226.03 (-3.25%) as rising oil and Treasury yields pressure equities ahead of the Fed minutes.

• Brent crude rose above $100 as Iran-related risks to Strait of Hormuz shipping renewed supply concerns; the 10-year Treasury yield reached 5.33%.
• Defense ETF ITA also fell 2.08% in regular trading, supporting a sector-wide explanation; no stronger XAR-specific catalyst was identified.