BRENT.MI is trading 6.8% up today as Brent crude futures surge on renewed Middle East tensions and disruptions to regional energy infrastructure.
- Joint U.S.–Saudi strikes on Iran-backed militias and subsequent Iranian missile retaliation have impacted shipping lanes and energy supply lines.
- The geopolitical escalation has driven Brent futures up over 7%, significantly lifting leveraged oil products like the Leverage Shares Brent Oil ETC.