🟢 Brent Oil ETF (BNO) is trading 3.04% up today as Hormuz concerns keep Brent above $100

BNO is trading at $62.20, up 3.04%, as Brent crude remains above $100 amid the continuing U.S.-Iran conflict and Strait of Hormuz supply concerns.

• The advance extends BNO’s September 23, 2026 rally.
• With broader markets lower, BNO’s gain appears commodity-specific rather than risk-on.
• Elevated crude prices reinforce inflation concerns, while uncertainty over diplomacy and Gulf supply keeps oil’s geopolitical premium volatile.