BRE3L.MI is trading at €19.29, up 6.2%, extending a multi-day rally as Brent crude prices surge on escalating Middle East geopolitical risks.
- Brent crude prices rose over 3% following renewed U.S.–Iran hostilities and threats to the Strait of Hormuz, a critical oil transit point.
- The heightened supply risk premia in the Middle East is driving amplified gains in leveraged products like this 3x long Brent oil ETC.