BWET's 1,331% Surge Linked Solely to Strait of Hormuz Closure
Breakwave Tanker Shipping ETF (NYSE:BWET) surged by over 1,300% in a year due primarily to the closure of the Strait of Hormuz. The fund is heavily weighted toward Very Large Crude Carrier freight futures and tracks geopolitical disruptions affecting oil tanker rates.
Topics: BWET commodity ETFs Strait of Hormuz closure tanker freight futures