- The Breakwave Tanker Shipping ETF (BWET) is up over 3,600% year to date, according to Morningstar, by far the best performance of any non-levered U.S. fund as the price of transporting oil has soared due to geopolitical shocks.
- Led by the U.S.-Iran war repercussions, there have been over 140,000 disrupted freight cargo vessels across the globe contributing to higher shipping rates.
- Experts see no quick end in sight especially after the Houthis took control of another key Red Sea oil choke point last week, but any fund that goes up this much is also prone to swift and severe reversals.
As investors hunt for investment gains across the globe and diverse asset classes, from U.S. AI stocks to inflation hedges and crude oil contracts, something more mundane operating in the shadows of the global economy has racked up the biggest gains of all: freight tankers.
The Breakwave Tanker Shipping ETF (BWET
), which tracks the price of shipping oil, is up roughly 3,600% year-to-date as of early September, according to Morningstar data through Sept. 11, making it the best-performing non-levered fund in the U.S., as the U.S.-Iran conflict squeezes tanker traffic through the Strait of Hormuz turning a once-obscure freight investment into one of Wall Street’s best trades.
Supply chain and shipping routes will likely be further scrambled by Iran-backed Houthi rebels taking control of Yemen’s key seaport of Mocka last week, a spot which allow the militia to wreak havoc with Red Sea shipping. The Red Sea had been used as an “alternate” to the perilous Persian Gulf. Further north on the peninsula, Saudi Arabian officials ordered a shut down of the kingdom’s crucial East-West crude oil pipeline last week as a precautionary measure after multiple attacks by drones launched from Iraq.
https://www.cnbc.com/2026/09/13/iran-war-oil-prices-freight-tankers-shipping.html