Higher Strait of Hormuz flows help close the gap in product tanker rates
Published . Updated .
Lower volumes out of the Middle East and Russia had held down Pacific rates, pulling ships into Atlantic
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- FRO Frontline+14.2% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -2.94% | -2.39% | base | -5.58% | after close | after close | after close |
| DHT | -1.70% | -2.24% | base | -3.08% | after close | after close | after close |
| INSW | +1.66% | -0.13% | base | -1.88% | after close | after close | after close |
| TNK | +0.20% | -1.49% | base | -3.40% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Higher Strait of Hormuz flows help close the gap in product tanker rates TradeWinds News
Source: TradeWinds News
How Amplify Commodity Trust (BWET) moved across the last 12 energy stories
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Frontline (FRO) | the next day | +1.86% | +3.90% | +1.67% | 12 |
| Frontline (FRO) | three days later | +6.89% | +6.89% | +6.89% | 11 |
| DHT Holdings (DHT) | the next day | -1.69% | -0.77% | -1.77% | 12 |
| DHT Holdings (DHT) | three days later | +2.18% | +2.18% | +2.18% | 11 |
| International Seaways (INSW) | the next day | +0.62% | +1.55% | +0.54% | 12 |
| International Seaways (INSW) | three days later | +2.56% | +2.56% | +2.56% | 11 |
- Reports of Explosion, Possible Damage to Giant Oil Tanker in Strait of Hormuz
- Shafaq News..Oil supertanker struck while exiting Strait of Hormuz
- Two 'unauthorised' oil tankers struck in Strait of Hormuz, Iran says
- US says helped Gulf nations export 1.5 bn barrels of oil through Hormuz
- Shafaq News..US: Hormuz oil exports exceed 1.5B barrels
- CENTCOM says helped Gulf nations export 1.5 billion barrels of oil via Hormuz
The price since 2 Nov 2026: Amplify Commodity Trust (BWET) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| DHT Holdings (DHT) | that day | -3.08% | still updating |
| DHT Holdings (DHT) | three days earlier | -2.24% | final price |
| DHT Holdings (DHT) | five days earlier | -1.70% | final price |
| Frontline (FRO) | that day | -5.58% | still updating |
| Frontline (FRO) | three days earlier | -2.39% | final price |
| Frontline (FRO) | five days earlier | -2.94% | final price |
| International Seaways (INSW) | that day | -1.88% | still updating |
| International Seaways (INSW) | three days earlier | -0.13% | final price |
| International Seaways (INSW) | five days earlier | +1.66% | final price |
| Teekay Tankers (TNK) | that day | -3.40% | still updating |
| Teekay Tankers (TNK) | three days earlier | -1.49% | final price |
| Teekay Tankers (TNK) | five days earlier | +0.20% | final price |
Where this story sits: Strait of Hormuz
Geopolitics Alpha has 180 stories about Strait of Hormuz from the past 7 days and 475 stories from the past 30. That is faster than its usual pace over the past month. “Higher Strait of Hormuz flows help close the gap in product tanker rates” is tagged to Strait of Hormuz.
Who gains and who loses around Amplify Commodity Trust (BWET)
Companies that tend to gain
- FRO Frontline
Frontline (FRO) tends to benefit, medium confidence in the 2 Nov 2026 story “Higher Strait of Hormuz flows help close the gap in product tanker rates.” Reason on file: Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- DHT DHT Holdings
For “Higher Strait of Hormuz flows help close the gap in product tanker rates,” DHT Holdings (DHT) tends to benefit, medium confidence. Reason on file: DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- INSW International Seaways
In “Higher Strait of Hormuz flows help close the gap in product tanker rates,” International Seaways (INSW) tends to benefit, medium confidence. Reason on file: International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
- TNK Teekay Tankers
Teekay Tankers (TNK) tends to benefit, medium confidence in the 2 Nov 2026 story “Higher Strait of Hormuz flows help close the gap in product tanker rates.” Reason on file: Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
No up or down call on file
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 2 Nov 2026 story “Higher Strait of Hormuz flows help close the gap in product tanker rates.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
How energy news reaches Amplify Commodity Trust (BWET)
Amplify Commodity Trust (BWET) is the company in “Higher Strait of Hormuz flows help close the gap in product tanker rates,” the 2 Nov 2026 Strait of Hormuz story.
For Amplify Commodity Trust (BWET), the reason on file says Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story
Also listed, Frontline (FRO): Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story
The price range for Amplify Commodity Trust (BWET), and the dates in the story
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. FRO traded between 49.05 and 59.74 across 20 sessions. The latest close on file is 56.89.
A simple score for Amplify Commodity Trust (BWET)
40 out of 100Price not final
“Higher Strait of Hormuz flows help close the gap in product tanker rates” scores 40 out of 100. The score uses 1 sources, and 5 linked companies. The price is not final yet.