BNO is trading at $61.67, up +3.38%, as President Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz revived concerns about prolonged oil-supply disruption. - Brent climbed above $105 per barrel in early trading, supporting BNO’s pre-market gain. - The move reverses Friday’s crude retreat amid hopes for diplomacy. - Broader U.S. equity futures were lower, while oil rose on renewed Iran tensions.