Eni S.p.A. is trading 4.7% down at $22.13 following a sharp pullback in crude prices tied to optimism around a U.S.-Iran peace deal and the reopening of the Strait of Hormuz.
- Lower perceived geopolitical risk is weighing on Brent and WTI benchmarks, creating broad pressure across the energy sector.
- The move reflects sector-wide sentiment regarding falling oil prices rather than any company-specific news from Eni.