ORBX is trading 3% down today as renewed U.S.–Iran tensions in the Gulf disrupt logistics and energy routes, weighing heavily on economically sensitive sectors.
- Geopolitical risks and headlines regarding oil and defense are driving a rotation out of cyclicals and industrials into safe-haven assets.
- Major indices are broadly lower in a risk-off environment, pressuring sector-specific ETFs despite a lack of significant economic data releases today.