BRE3L.MI is trading at €50.81, up 7.53%, with the geopolitical oil-price shock the clearest catalyst.
- Brent surged amid reports of tanker damage and threats to shipping in the Strait of Hormuz, raising fears of supply disruption. The tanker-damage claims were not independently verified.
- Brent was reported up 3.2% to $112.27 per barrel; broad equity-market weakness is not the primary driver of the ETC’s gain.