BRE3L.MI is trading at €29.12 (+3.26%) as Brent crude climbed after Iran launched strikes against U.S. facilities in Kuwait and the United Arab Emirates, escalating regional supply risks.

  • Brent briefly exceeded $97 on September 3.
  • Earlier tanker attacks near the Strait of Hormuz reinforced fears of disrupted Persian Gulf exports and supported leveraged Brent exposure.