BWET ETF Surges 664 Percent Following Strait of Hormuz Closure

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The Breakwave Tanker Shipping ETF (BWET) has seen a massive 664% surge year-to-date and 1,276% over the last twelve months, due to the closure of the Strait of Hormuz in February 2026. This geopolitical event significantly increased crude oil tanker shipping rates by forcing longer routes and tightening Very Large Crude Carrier (VLCC) capacity. Despite its record performance, the ETF carries a high expense ratio and is subject to market risks, with short interest significantly increasing as traders anticipate a reversal in shipping costs once the geopolitical situation stabilizes.

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