🟢 BNO is trading 3.1% up today on a Brent oil spike following Iran's closure of the Strait of Hormuz

BNO is trading 3.1% up in pre-market on July 13, 2026, tracking a sharp move higher in Brent crude prices following the closure of the Strait of Hormuz.

• The disruption of this critical maritime chokepoint and escalating U.S.–Iran hostilities have triggered a significant rise in supply-risk premia across global energy markets.
• Crude benchmarks are surging on the geopolitical tension, even as broader U.S. equity futures show mixed performance.
• As an ETF designed to mirror Brent price changes via oil futures, BNO is directly capturing the increased volatility in the energy sector.