BRE3L.MI is trading at €18.01 (up 3.95%) as Brent crude prices continue to climb amid escalating geopolitical tensions and U.S.–Iran friction.
- The 3x leveraged ETC is magnifying the ongoing rebound in Brent futures, as traders price in heightened risks to global energy flows.
- Market focus remains on potential supply disruptions around the Strait of Hormuz and generally tighter oil supply conditions.
- The instrument's triple-long exposure has allowed it to outperform as the geopolitical rally that began earlier this week extends further.