BRENT.MI is trading 0.7% higher today, with Brent crude futures edging up following renewed military strikes between the US and Iran that reignited concerns over Middle East supply security. - This recovery comes after Brent crude saw a sharp selloff last week, dropping over 10% and returning to pre-war levels near $72 a barrel, driven by easing Iran supply risks and increased tanker traffic in the Strait of Hormuz. - Today's gains reflect renewed supply fears after the latest escalation disrupted shipping through the Strait of Hormuz, causing traders to reassess risks. - The ETF is rebounding as crude futures find support amid these heightened geopolitical uncertainties.