BRENT.MI is trading 4.7% up today as Brent crude prices spike following renewed military escalation between the United States and Iran near the Strait of Hormuz.
- Geopolitical tensions have heightened supply risks for global oil shipments, lifting Brent prices by approximately 4–5% and boosting oil-linked ETFs.
- This geopolitical shock is the dominant market catalyst, outweighing mixed broader equity sentiment and channeling flows into energy and oil exposure.