ZPLA.SW is trading at CHF 383.40, down -3.32%, as oil-supply concerns revived inflation fears and expectations of tighter monetary policy, pressuring non-yielding metals.

  • Reports of Strait of Hormuz shipping incidents pushed Brent above $112 a barrel, amplifying energy-inflation concerns.
  • A projected 265,000-ounce 2026 platinum surplus adds a sector-level headwind; the immediate catalyst was the oil-and-rates repricing.