🟢 Brent Oil ETC (BRE3L.MI) is trading 7.8% up today as U.S.-Iran clashes raise Hormuz disruption fears

BRE3L.MI is trading €24.25 (+7.80%) after renewed U.S.-Iran military clashes increased fears of supply disruptions through the Strait of Hormuz.

• Brent settled at $90.49 on August 31, up 2.71%.
• Brent extended gains above $91 on September 1 as tanker-security concerns reinforced the geopolitical risk premium.
• BRE3L.MI’s 3x daily Brent exposure amplified the underlying commodity move.