ETF fueled by Iran war goes bonkers, gains 3,600%
Breakwave Tanker Shipping ETF (BWET) surged 3,600% this year, reaching $726 per share. The gain is attributed to the U.S.-Iran war, which disrupted oil shipping through the Strait of Hormuz, increasing tanker hiring rates. Analysts expect prolonged Middle East conflict to sustain pressure on shipping routes.




