🟢 Brent Oil 3x ETC (BRE3L.MI) is trading 12% up as Iran demands concessions to reopen Hormuz

BRE3L.MI is trading at €20.71, up +12.04%, as Brent surged and its daily 3x leverage amplified the move.

• On August 10, Iran maintained the Strait of Hormuz would not fully reopen without broad U.S. concessions, including sanctions relief and compensation, reviving shipping disruption and constrained oil supply concerns.
• Brent settled nearly 5% higher in major market coverage; broader equities were comparatively subdued.
• Inflation concerns ahead of Wednesday’s U.S. CPI report may support oil’s risk premium.