BWET's 1,331% Surge Rests on a Single Geopolitical Event That Could Reverse Overnight

Crude oil tanker freight futures rarely produce the year's biggest gain. Yet Breakwave Tanker Shipping ETF (NYSE:BWET) closed at around $172, after a 1,331% one-year run driven almost entirely by one event: the closure of the Strait of Hormuz in February 2026.