BNO is trading at $63.34 (+3.20%) in pre-market after new strikes on Saudi energy infrastructure, Iranian attacks on Gulf shipping, and the shutdown of Saudi Arabia’s East-West pipeline intensified global supply disruption concerns.

  • Brent rose about 2.8% to $107.54 and WTI gained about 2.9% to $102.93 early September 14.
  • Strait of Hormuz vessel traffic fell to single-digit levels over the weekend, reinforcing the supply-risk premium.
  • The move extends BNO’s recent oil-driven rally and reflects a direct sector catalyst rather than broad-market strength.