🟢 BRE3L.MI is trading 4.9% up today as Brent oil jumps on U.S.–Iran hostilities and Middle East supply risks

BRE3L.MI is trading around €18.17, up roughly 4.9%, as Brent crude prices surge amid escalating geopolitical tensions in the Middle East.

• The rally is driven by increased U.S.–Iran hostilities and potential threats to the Strait of Hormuz, which have significantly heightened global oil supply risks.
• As a 3x leveraged long Brent crude ETC, BRE3L.MI amplifies the underlying gains in the oil market, extending a strong multi-day rally for the instrument.