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As US-Iran peace deal teeters, Wall Street sinks and tanker shares rise

  • Dow falls 577 points on Wednesday yet shares of crude tanker, product tanker and LPG carrier owners add to recent gains; they have risen by over 10% in the past week
  • Tanker shares have experienced large swings since the US-Iran peace memorandum was signed, first up, then down, then back up again
  • Shares of BWET tanker shipping exchange-traded fund surged by 17% on Wednesday

Tanker stocks thrive amid disruption and inefficiency. The way things are going between the US and Iran, the Hormuz crisis appears far from over — and tanker stocks are yet again on the ascent

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