ConocoPhillips has experienced significant downward pressure and elevated intraday volatility, primarily driven by a sharp decline in global commodity prices and evolving geopolitical developments. The primary catalyst affecting the broader energy sector is the historic signing of an interim peace agreement between the United States and Iran. This landmark accord, which officially reopens the Strait of Hormuz to oil tanker traffic and ends the U.S. naval blockade, has dramatically altered global supply-and-demand expectations. Consequently, crude oil benchmarks, including West Texas Intermediate and Brent, have plummeted, dragging down major upstream exploration and production companies that are highly sensitive to crude price…