BRNG.L is trading 7.8% up at £5485.50 following a sharp rebound in Brent crude benchmarks driven by heightened geopolitical tensions in the Strait of Hormuz.
- The move closely tracks underlying Brent futures, which have jumped over 6% after the breakdown of a U.S.-Iran ceasefire.
- Investors are reacting to increased risks of supply disruptions across key global shipping lanes.