Tankers Rally as Iran Conflict Tightens Global Oil Routes
BWET, which tracks tanker futures, has surged about 3,600% year-to-date through Sept. 11 as Iran-related conflict and Red Sea disruptions push up oil-tanker rates, making it the best-performing non-levered U.S. fund. Analysts say the move reflects geopolitics and capacity constraints rather than crude prices, with broader freight exposure available via SEA and BOAT and a looming risk of reversals if tensions ease.