TotalEnergies shares are falling in tandem with the oil complex after a sharp drop in crude prices tied to a newly announced two-week U.S.–Iran ceasefire and expectations of eased supply disruptions as the Strait of Hormuz reopens. With the market suddenly repricing geopolitical risk lower, oil-linked equities are taking an immediate hit as investors mark down near-term upstream cash-flow expectations. �citeturn1news12turn1news13

Brent crude dropped about 13% to around $95 a barrel, while U.S. crude futures fell roughly 14% to about $96.83 following the ceasefire headlines. That magnitude of crude-price volatility tends to transmit quickly to large-cap integrated producers like TotalEnergies, especially when the move is driven by a perceived swing in global supply risk. �citeturn1news12turn1news13

TotalEnergies has recently anchored shareholder returns with dividends plus buybacks that are sensitive to the energy-price backdrop. A sudden downdraft in crude can raise investor concern that the company leans toward the low end of its buyback range if prices stay weaker than expected, even if the dividend framework remains intact. �citeturn0search2turn1search19