BRE2L.MI is trading at €74.85, down 4.50%, as US-Iran talks to reopen the Strait of Hormuz eased immediate supply-disruption concerns, contributing to Brent’s fall.
- Brent fell 2.1%, settling at $104.32 on September 25.
- On September 28, Brent rebounded over 1% after Trump rejected Iran’s proposal, restoring some geopolitical risk premium; that later move does not explain the snapshot decline.
- The ETC’s 2x Brent-futures exposure magnifies the move; the quoted price is from the provided alert data.