BRE3L.MI is trading at €22.05, +3.08%, as stalled U.S.-Iran diplomacy and sharply reduced shipping through the Strait of Hormuz increased fears of prolonged supply disruption.
- Brent rose to $91.14 early August 18 after gaining on August 17; its August 17 settlement reportedly climbed $2.35, or 2.65%, to $90.87, supporting the daily leveraged ETC.
- BRE3L.MI’s 3x daily leverage amplifies the underlying Brent move, though performance can differ because of futures rolls and compounding.