BRE2L.MI is trading at €61.27 (+6.11%), driven primarily by Strait of Hormuz attacks and renewed U.S.-Iran hostilities, which intensified oil-supply disruption fears.
- Brent rose 4.6% to $94.65 on September 1 after two tankers were reportedly hit, supporting leveraged Brent exposure.
- The move appears amplified by thin liquidity and delayed repricing after several unchanged €51.67 closes; subsequent Brent weakness creates some divergence.