🔴 Natural Resources ETF (ICOP) is trading 4.17% down in pre-market on September 2, 2026 as renewed U.S.-Iran strikes raise supply concerns

ICOP is trading at $53.92, down -4.17%, as renewed U.S.-Iran strikes intensify concerns about supply disruptions, inflation, and higher interest rates.

• Brent crude rose nearly 1% overnight toward $95.52; the U.S. 10-year Treasury yield reached 4.8122%, pressuring equities and economically sensitive materials holdings.
• Broader risk aversion, weaker Asian markets, and lower U.S. equity futures are weighing on the diversified natural-resources basket.
• The decline extends the September 1 selloff and appears macro-driven, rather than tied to a single dominant holding.