BRE2L.MI is trading at €79.09, up 3.51%, as Brent rebounded after President Trump rejected Iran’s proposed peace deal, renewing focus on Strait of Hormuz disruption risks.
- Brent gained more than 2% in Monday trading amid renewed geopolitical supply concerns.
- Pressure remained from recovering Middle East exports and the G7’s planned release of 100 million barrels from emergency reserves.
- The late-session oil rebound is the clearest explanation for the ETC’s gain; available evidence does not establish a product-specific catalyst.