BRENT.MI is trading 7.3% up today as Brent crude prices surge following a major military escalation between the U.S. and Iran near the Strait of Hormuz.
- Fresh U.S. strikes on Iranian targets and the declared end of the ceasefire have reignited fears of significant global supply disruptions.
- Brent crude futures jumped more than 5% on renewed sanctions concerns, directly boosting leveraged oil instruments like the Brent Oil ETF.