BRE3L.MI is trading at €28.20 (+9.17%) as renewed U.S.-Iran attacks and strikes involving tankers near the Strait of Hormuz intensify fears of crude-supply interruptions.
- Brent crude settled 1% higher at $95.63 on September 2, while shipping through Hormuz fell well below its recent average.
- The ETC’s 3x daily leverage amplified the underlying oil move and geopolitical risk premium.