BRENT.MI is trading 3.45% higher as Brent crude rebounds amid geopolitical tensions involving Iran and restricted Strait of Hormuz navigation.
- Brent crude rose approximately 3.9% toward $103 per barrel, ending a five-session decline.
- Strong U.S. PMI data and elevated Treasury yields are broader inflation signals, but the commodity rebound is the dominant catalyst for this Brent-linked product.