🇺🇸🇮🇷 One tanker ETF is up 3,600 percent this year, which tells you everything about who is actually getting paid in this war...
Breakwave's fund does nothing but hold shipping freight futures.
It has gained more than thirty-six times its value since January, and when oil dipped over the summer it barely flinched.
David Lin watched that and drew the obvious conclusion.
Once shipowners start charging war prices, they don't stop.
The numbers behind it are absurd.
Moving oil out of the Gulf ran about $50,000 a day before February.
It now runs close to a million, turning a ten-day voyage from half a million dollars into ten.
The Fed hiked 25 basis points today, unanimously, and the first question put to Kevin Warsh was whether any of it matters when the Fed can't reopen a strait.
He agreed that it can't.
So the cost keeps moving down the chain until it reaches a grocery bill this winter.
@davidlin_TV