Shocking stat of the day: The Breakwave Tanker Shipping ETF, BWET, is up +5,820% over the last 12 months. This ETF reflects futures linked to the cost of transporting crude oil from the Middle East and West Africa to China and other destinations, making it highly sensitive to disruptions in global oil shipping. In 2026 alone, BWET is up +4,556%, leaving it the world’s best-performing ETF this year. The surge reflects skyrocketing tanker shipping costs amid disruptions to global oil transportation caused by the Iran War. We are seeing an unprecedented global energy shock.