BRE3L.MI is trading at €24.61 (-4.30%) as Brent crude fell roughly 1.2%–1.5% on August 24 after investors booked profits following its sharp weekly rally.
- Markets await details of Washington’s expected toughest-ever sanctions campaign against Iran, creating uncertainty over enforcement and supply flows.
- The decline is consistent with the ETC’s 3x daily leverage, amplifying Brent’s underlying move.