Starting on March 4, 2026, Iran declared the Strait of Hormuz closed and began attacking ships attempting to transit oil and other commodities. The consequences for global oil supply have been immediate and severe.

The Breakwave Tanker Shipping ETF BWEThas risen to become this year's best-performing commodity ETF, gaining 275% year to date as other oil and energy ETFs lag behind. While oil prices are swinging in tandem with macroeconomic uncertainties,

Oil futures touched $100 per barrel this week as Iran’s new Supreme Leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed, the waterway through which a fifth of the world’s oil and liquefied natural gas transits.

ProShares Ultra Bloomberg Crude Oil ETF is downgraded to Hold after a 46% return in under three months. Learn more about UCO ETF here.

“Trailing 1-month retail purchases in pure-play oil ETFs surged to a record +$211 million on Thursday. This exceeds the May 2020 peak of +$200 million and is 3 times the 2022 high of +$70 million,” the post read.

WTI crude has rallied higher this month, recovering from a December 2025 trough of $55.44 to sit near $81 per barrel. The catalyst: the death of Iranian Supreme Leader Ayatollah Ali Khamenei on February 28,

An exchange-traded fund that provides exposure to the airline industry was seeing a sharp rally Tuesday morning and looking to extend its rebound after being beaten down since the Iran conflict sparked a surge in oil prices.

With Iran effectively blocking traffic through the Strait of Hormuz, oil produced in the U.S. Permian Basin has become a hot commodity. ExxonMobil, Chevron, and ConocoPhillips are among the largest oil producers in the Permian Basin, with ExxonMobil holding the top spot.

WTI crude is trading around $78 per barrel, up sharply from roughly $63 in early February. The catalyst is geopolitical: Chevron executives warned the Trump administration about potential disruptions around the Strait of Hormuz,