🟢 Brent Oil ETC (BRE3L.MI) is trading 5.15% up as U.S.-Iran tensions raise Hormuz crude-shipment risks

BRE3L.MI is trading at €29.59 (+5.15%) as U.S.-Iran military tensions raise Strait of Hormuz crude-shipment risks.

• Brent futures reached approximately $97 on September 3 after Iranian strikes on U.S. facilities in Kuwait and the United Arab Emirates, reinforcing the oil-market risk premium.
• The move is primarily geopolitical and commodity-driven rather than broad-market-led.
• With no major U.S. economic releases scheduled for September 7, traders are likely focused on weekend developments, shipping security, and potential supply interruptions.