🟢 Brent Oil ETC (BRENT.MI) is trading 3.5% up amid Strait of Hormuz supply risks

BRENT.MI is trading at €24.14, up 3.52%, tracking Brent crude futures amid Hormuz supply risks.

• Brent remained above $91 on August 19, 2026, amid Strait of Hormuz export uncertainty and stalled US-Iran diplomacy.
• An expired ceasefire memorandum, tanker attacks, and sharply reduced strait shipping sustained a substantial geopolitical supply-risk premium.
• Equities weakened as Brent advanced; the ETC’s larger gain than Brent’s roughly 0.3%-0.5% daily rise may reflect trading hours, contract exposure, currency effects, and market-pricing differences.