BRENT.MI is trading 3.2% down today as Brent crude futures hit their lowest level since the Iran conflict began, driven by progress in US-Iran negotiations and a strengthening dollar.
- Brent crude futures have slipped below $76 per barrel as negotiations raise expectations for a significant increase in Iranian oil supply.
- A stronger US dollar is creating additional headwinds for the commodities market, weighing heavily on leveraged products like the Leverage Shares Brent Oil ETC.