Oil Surges, Tanker Rates Soar: ETFs In Play

Stocks have been volatile, while global yields and oil prices have risen sharply over the past few days as the conflict in the Middle East shows no resolution in sight.

The war, now in its seventh month, has had an enormous impact on two particular areas: tanker shipping and oil prices, with Iran choking off the Strait of Hormuz, a key corridor for roughly 20% of the world's oil exports.

The collapse of tanker traffic through the Strait of Hormuz has sent crude oil tanker shipping rates soaring.

This post originally appeared at Zacks.