BWET SINGLE-EVENT GAIN

1,645%

gain tied to Gulf geopolitical event, Jun 2026

GLOBAL OIL THROUGH HORMUZ

~20%

of world oil supply transits the strait

GLOBAL LNG THROUGH HORMUZ

~18%

of liquefied natural gas passes through the strait

KUWAIT STRIKE DATE

2026-06-06

Iran missile attack triggers BWET move

BWET

Breakwave Tanker Shipping ETF

Leveraged ETF tracking tanker freight futures

Entire gain could reverse within hours on de-escalation

KEY RISK

Entire gain could reverse within hours on de-escalation. BWET holds near-dated freight futures; price reflects current market fear, not long-term fundamentals. The ETF is designed for sophisticated short-term traders only.