3,600% is the reported gain for the freight fund that has posted the largest advance of any shipping instrument since the U.S.-Iran war sent crude prices surging. Tariffs had already built stress into freight economics. The war layered a sharp oil shock on top of that, and crude oil tanker futures absorbed it more than any other trade in the shipping complex.
The conflict pushed oil prices higher while tariffs were already building freight stress. That combination found its most extreme expression in crude tanker futures. Other shipping trades moved with it. None matched the 3,600% run that placed this freight fund at the top of the gains table across the sector.