🟢 BNO is trading 4.2% up today as Brent crude surges on U.S.-Iran conflict and Strait of Hormuz closure fears

BNO is trading at $47.93 (+4.2%) as Brent crude prices spike following renewed U.S.-Iran conflict and reports regarding the closure of the Strait of Hormuz.

• Geopolitical risk premiums are driving a sharp sector-wide rally in oil-linked funds as supply disruption concerns intensify.
• The potential closure of the Strait of Hormuz, a critical maritime chokepoint, is expected to significantly tighten global shipping flows and oil availability.