🟢 Brent Oil 2X ETC (BRE2L.MI) is trading 5% up as Iran threatens Gulf energy infrastructure

BRE2L.MI is trading at €64.12, up +4.99%, as Iran threatened Gulf energy infrastructure after renewed U.S. attacks.

• Brent crude rose toward $97.50, a six-week high.
• Fears of prolonged disruption around the Strait of Hormuz increased oil’s geopolitical risk premium, supporting this leveraged long Brent ETC.
• The move was likely amplified by BRE2L.MI’s historically thin Milan liquidity and stale pricing.