BWET2026-09-11 17:23:23Oil tanker ETF BWET surges 5,100% in a year as Middle East shipping rates spikeThe best-performing ETF in the US this year is not tied to crypto, AI, or any other technology trade. It is the Breakwave Tanker Shipping ETF, or BWET, which Protos said has risen 5,100% over the past year and 3,600% since January 1, 2026. The fund is built around long positions in forward freight agreements and a rolling basket of near-dated freight futures, with roughly 90% of its exposure linked to the Middle East-to-China supertanker route, including traffic affected by Hormuz. According to the report, BWET’s rise has tracked a sharp jump in oil tanker charter rates as conflict around Iran, the Strait of Hormuz, and Bab el-Mandeb disrupted shipping conditions. Protos said the fund started 2026 with just $2 million in net assets and now holds $200 million. It also noted that BWET fell more than 40% within two weeks after a June 17 memorandum signed by Donald Trump and Masoud Pezeshkian to reopen Hormuz raised early hopes for peace, then recovered those losses by July. The article added that BWET jumped another 10% on Friday morning and traded above $700 per share for the first time after imagery circulating online appeared to show a massive smoke plume over Saudi Arabia’s East-West oil pipeline. Fund sponsor Amplify, however, warned that the product’s extraordinary gains reflected unusually favorable market conditions and may not be repeated.980
Iran2026-09-07 15:05:04Iran, Oman Close to Deal on Strait of Hormuz Shipping; Oil Prices DipIran's foreign ministry announced on Sept. 7 that negotiations with Oman for a temporary safe shipping corridor in the Strait of Hormuz are in final stages, with a deal expected within days. International oil prices edged lower on the news. However, full reopening remains conditional on U.S. actions, as Iran demands sanctions relief. The agreement would create a 'temporary safe corridor' and be registered with the IMO. Earlier tensions, including U.S. airstrikes on Iranian tankers, had sent oil above $95 and Bitcoin below $80,000.930
Strait of Hor2026-09-07 14:29:16Iran Says Hormuz Strait Navigation Deal with Oman to Be Finalized 'Within Days'Iran's Foreign Ministry spokesperson Esmaeil Baghaei said on Monday that negotiations with Oman on managing navigation through the Strait of Hormuz have entered the final stage and are expected to be completed within days. The two sides plan to establish a temporary safe passage and submit the arrangement to the International Maritime Organization. Baghaei described the talks as "very smooth" and expressed hope that no third party would interfere. If the deal is finalized, it could facilitate more oil tankers and commercial vessels through the strategic waterway and reduce the risk of Iranian attacks on shipping. Currently, about 7 million barrels of crude oil and refined products pass through the Strait daily, far below the pre-conflict level of about 20 million barrels per day. However, the agreement may also strengthen Iran's control over the Strait. The United States wants the Strait to return to pre-war free passage, and the two sides remain divided. The Iran-US conflict has entered its seventh month, and the blockade continues to push up oil, fuel, and gas prices, exacerbating global inflation. U.S. diesel prices have hit record highs, putting political pressure on the Trump administration.1020
Market Analys2026-08-05 03:24:39Bessent Says US-Iran Hormuz Deal May Come Tomorrow, Adding $1 Trillion to US Market CapU.S. Treasury Secretary Bessent has signaled that the U.S. and Iran may reach an agreement on the Strait of Hormuz, according to Techub News. The news added $1 trillion to U.S. stock market value today. The strait is a critical oil shipping lane, so geopolitical shifts there could affect energy and financial markets. Specific terms of the deal have not been disclosed.1780
Iran2026-08-04 21:26:44Iran says it will defend its territory and does not seek a wider warAccording to Jin10, Iranian President Pezeshkian said Iran will defend its territory but is not seeking to expand the war. Separately, an Iranian Foreign Ministry spokesperson said talks involving the United States and Iran have been assessed positively at both the technical and political levels, though there is currently no fixed agenda. On shipping through the Strait of Hormuz, Iraq’s Oil Ministry said tankers carrying Iraqi crude have passed through the waterway. The chief executive of the American Petroleum Institute said about 7 million barrels of oil are transported through the Strait of Hormuz each day. The remarks and shipping update came in the same report cited by ChainCatcher via Jin10.1900
