Affected by the war in Iran, tanker freight rates soared sharply, attracting new investors to the global shipping industry. Wave Tanker Shipping ETF has increased as much as 3,700% this year, and the global fleet is expected to earn more than 300 billion US dollars this year. The one-year rental price for very large crude oil carriers almost tripled over the same period last year, reaching nearly 150,000 US dollars per day, and the ship price skyrocketed.

Affected by the war in Iran, tanker freight rates soared sharply, attracting new investors to the global shipping industry. Wave Tanker Shipping ETF has increased as much as 3,700% this year, and the global fleet is expected to earn more than 300 billion US dollars this year. The one-year rental price for very large crude oil carriers almost tripled over the same period last year, reaching nearly 150,000 US dollars per day, and the ship price skyrocketed.