BWET Soars 1,645% on Strait of Hormuz Closure, Faces Reversal Risk
The Breakwave Tanker Shipping ETF surged on VLCC freight rates tied to geopolitical tensions, but gains could vanish quickly if conditions shift. The Breakwave Tanker Shipping ETF (BWET) has climbed 1,645% over the past year, driven by a surge in Very Large Crude Carrier (