LIT is trading at $71.79, down -3.91% in pre-market as renewed U.S.-Iran escalation near the Strait of Hormuz lifted oil prices and weakened global risk sentiment.

  • The 10-year Treasury yield approached 4.81%, increasing concerns that inflation could delay Federal Reserve easing.
  • Broad equity futures were only modestly lower, suggesting LIT’s larger decline reflects commodity-linked and global-risk sensitivity rather than a broad-market selloff.