BRENT.MI is trading 5.4% up today as underlying Brent crude oil prices surge above $100 per barrel due to escalating geopolitical risks.
- Prices are being driven higher by Houthi attacks on Saudi tankers and ongoing shipping disruptions in the Red Sea.
- Heightened U.S.–Iran conflict risks have further tightened the supply outlook, boosting demand for leveraged exposure to Brent futures.
- The rally marks a significant return to triple-digit pricing for the global oil benchmark, directly impacting oil-linked ETFs like BRENT.MI.