🟢 Brent Oil ETC (BRE2L.MI) is trading 3.59% up amid U.S.-Iran tensions and supply concerns

BRE2L.MI is trading at €73.26, up +3.59%, amid Brent’s rise on persistent U.S.-Iran tensions and Middle East supply-disruption concerns.

• Brent futures rose 0.9% to settle at $103.50 a barrel on September 30.
• Resumed Saudi pipeline flows and Yanbu loadings improved export availability, while a surprise U.S. inventory build weighed on crude.
• The ETC’s reported gain exceeds Brent’s cited move; the evidence does not establish a more specific instrument-level cause.