BRNG.L is trading 4.95% up at £5466.00, rebounding alongside Brent crude prices following escalating U.S.–Iran tensions near the Strait of Hormuz.
- The Brent crude ETC is closely tracking a ~4–5% spike in oil prices driven by fears of potential supply disruptions.
- Energy stocks are trending broadly higher as investors rotate out of risk assets and into commodities amid heightened geopolitical uncertainty.