TotalEnergies SE is trading 4.4% down at $73.00 as energy shares retreat following a sharp decline in oil prices triggered by geopolitical developments.
- Brent crude fell more than 4% after a U.S.-Iran peace agreement and the reopening of the Strait of Hormuz significantly reduced global supply-risk concerns.
- The broader energy sector selloff pressured the stock despite no company-specific announcements being identified in the current news flow.