🟢 Brent Oil ETC (BRE3L.MI) is trading 6.51% up on September 2, 2026 amid Hormuz disruption fears

BRE3L.MI is trading at €25.84 (+6.51%) as renewed U.S.-Iran attacks increased fears of supply disruptions through the Strait of Hormuz.

• Brent crude rose sharply as renewed U.S.-Iran attacks increased fears of supply disruptions through the Strait of Hormuz. Reuters reported Brent futures settled 4.6% higher at $94.65 on September 1.
• BRE3L.MI’s 3x daily leveraged exposure amplified the underlying oil move, while broader risk-off sentiment reinforced demand for energy exposure.
• The catalyst is consistent with the September 1 military strikes targeting Iranian forces threatening commercial shipping.