Topic
shipping-rates
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pymnts.comfinance57 days ago
BWET ETF Surges Over 600% Year-to-Date, Outpacing Oil Prices Amid Middle East Shipping Disruptions
The Breakwave Tanker Shipping ETF has risen more than 600% year-to-date as tensions in the Strait of Hormuz disrupt maritime corridors. Freight futures have skyrocketed due to the U.S.-Iran war, outperforming crude oil and energy stocks. Experts note investors are shifting focus…