SG ETC DAILY LONG +3X BRENT OIL FUTURE is trading 13.3% down today after Brent crude prices dropped more than 4% to settle below $84 following a 60-day peace agreement between the United States and Iran.
- The deal reopens the Strait of Hormuz and sharply reduces perceived supply risk, putting significant pressure on oil and energy-linked financial products.
- The ETF’s triple leverage amplified the underlying move in Brent futures, resulting in an outsized decline compared to the raw commodities market.