🔴 SG ETC DAILY LONG +2X BRENT OIL FUTURE is trading 8.3% down today as Brent crude extends its slump following a US–Iran peace agreement

SG ETC DAILY LONG +2X BRENT OIL FUTURE is trading at $38.88 (-8.30%) as Brent crude futures continue to decline following a US–Iran peace agreement.

• The peace deal has significantly reduced geopolitical risk premiums, pushing Brent crude prices below the $80 threshold.
• As a +2x long Brent oil ETC, the instrument is highly sensitive to the commodity’s downside, amplifying the impact of falling energy prices.
• Broader market sentiment remains bearish for oil-linked products amid easing Middle East tensions and a general cooling of the energy sector.