BRENT.MI is trading at $20.27 (+3.48%) as oil-linked ETCs rise following a rally in Brent crude driven by renewed supply-risk concerns tied to the Strait of Hormuz and broader Middle East tensions.
- The move aligns with a broader energy-strength tape, characterized by sharply firmer oil futures while equity markets remain relatively quiet.
- Market participants are showing increased sensitivity to geopolitical risks as they await the release of the latest FOMC minutes.