BNO is trading at $53.16 (+3.25%) after U.S. strikes on Iranian missile launchers near the Strait of Hormuz and Iran’s retaliation raised fears of shipping disruptions and tighter global crude supplies.

  • Brent crude rose more than 3.5% toward $91.25 on August 31, supporting BNO’s Brent-focused exposure.
  • Broader equities weakened as rising oil prices intensified inflation concerns.