BRENT.MI is trading at €28.61, up +4.36%, as Iran tensions threatened navigation through the Strait of Hormuz, pushing crude higher.
- Brent rebounded toward $103 per barrel, its first significant rebound after a five-session decline; restricted shipping raised crude’s perceived risk premium.
- Supply-disruption fears lifted the global oil complex. Strong U.S. business activity and elevated Treasury yields reinforced inflation concerns; the move was geopolitical and commodity-specific rather than driven by broad equity strength.