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Bloomberg MarketsIran Conflict Expands as Trump Vows ‘Whatever it Takes’Bloomberg MarketsBrig. Gen. Mark Kimmitt: Closer to a Non-Nuclear IranFinancial TimesBlackstone flagship private credit fund hit with redemptionsBloomberg MarketsBig Short's Moses: If Private Credit Goes, Fed Has No Choice But to Bail OutBloomberg MarketsTourism Stays Behind Dairy as New Zealand’s Top Overseas EarnerBloomberg MarketsMagellan Shares Jump Most Since 2006 on Deal to Buy BarrenjoeyBloomberg MarketsTrump’s Iran War Widens, Forcing Reluctant Allies to ChooseBloomberg MarketsGold Rises as Escalating Conflict in Middle East Stokes DemandBloomberg MarketsOil Holds Gain as Traders Brace for Fresh Attacks in Middle EastFinancial TimesInside the plan to kill Ali KhameneiBloomberg MarketsXi Eyes Consumers to Lead New Era for China’s Unbalanced EconomyBloomberg MarketsEx-Macquarie Quant Plans Second Shot at European Hedge FundBloomberg MarketsTop Philippine Fund Eyes More Stocks as Selloff Offers BargainsBloomberg MarketsDefense Stocks Surge as Middle East Attacks EscalateBloomberg MarketsTreasuries Rout Shows Iran Conflict Reigniting Inflation WorryBloomberg MarketsIran Conflict Expands as Trump Vows ‘Whatever it Takes’Bloomberg MarketsBrig. Gen. Mark Kimmitt: Closer to a Non-Nuclear IranFinancial TimesBlackstone flagship private credit fund hit with redemptionsBloomberg MarketsBig Short's Moses: If Private Credit Goes, Fed Has No Choice But to Bail OutBloomberg MarketsTourism Stays Behind Dairy as New Zealand’s Top Overseas EarnerBloomberg MarketsMagellan Shares Jump Most Since 2006 on Deal to Buy BarrenjoeyBloomberg MarketsTrump’s Iran War Widens, Forcing Reluctant Allies to ChooseBloomberg MarketsGold Rises as Escalating Conflict in Middle East Stokes DemandBloomberg MarketsOil Holds Gain as Traders Brace for Fresh Attacks in Middle EastFinancial TimesInside the plan to kill Ali KhameneiBloomberg MarketsXi Eyes Consumers to Lead New Era for China’s Unbalanced EconomyBloomberg MarketsEx-Macquarie Quant Plans Second Shot at European Hedge FundBloomberg MarketsTop Philippine Fund Eyes More Stocks as Selloff Offers BargainsBloomberg MarketsDefense Stocks Surge as Middle East Attacks EscalateBloomberg MarketsTreasuries Rout Shows Iran Conflict Reigniting Inflation Worry
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Bloomberg Marketsglobal

BWET: World's Top-Performing ETF This Year

Bloomberg Markets
Monday, March 2, 2026 at 10:19 PM
~4 min read
Energy

Original Report

Breakwave Tanker Shipping ETF (ticker: BWET) is soaring in Monday's trading session. Rising oil-shipping costs amid the conflict in Iran is driving the rally. The ETF is currently the world's...

Breakwave Tanker Shipping ETF (ticker: BWET) is soaring in Monday's trading session. Rising oil-shipping costs amid the conflict in Iran is driving the rally. The ETF is currently the world's best-performing non-leveraged ETF with year-to-date returns nearing 200%. On "Bloomberg ETF IQ," Katie Greifeld and Eric Balchunas report. (Source: Bloomberg)

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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