Leverage Shares Brent Oil ETC is trading at $21.47 (-4.39%) after Brent crude prices dropped sharply following a U.S.-Iran 60-day peace agreement.
- The agreement reopens supply routes through the Strait of Hormuz, causing the supply-risk premium to evaporate as Brent crude fell more than 4%.
- The decline reflects oil-specific weakness rather than broader market stress, as other risk assets rallied during the session.