BRE3L.MI is trading at €17.33 (+9.61%), reflecting a sharp rebound in leveraged exposure to Brent crude amid renewed Strait of Hormuz geopolitical risk.
- Reports that Iran reviewed restrictions on U.S. and Israeli vessels raised concerns about potential shipping disruption.
- Brent moved higher after the recent multi-session selloff, magnifying the rebound through the ETC’s 3x daily leverage.