Shipping stocks hit decade highs as Hormuz disruption persists

Shipping stocks have hit decade highs as the Strait of Hormuz crisis persists, with a tracked basket of 35 U.S.- and European-listed companies rising about 68% this year, outpacing the S&P 500 by more than five times. Crude-tanker stocks lead the rally with a 120% year-to-date gain, followed by car carriers, gas carriers, and dry-bulk shippers. The Iran war has forced tankers onto longer routes and raised insurance costs, tightening vessel supply, while investors seek hedges against geopolitical instability. Analysts warn that part of the surge reflects "fear pricing" that could deflate if Hormuz stabilizes, though some expect lasting changes as economies diversify suppliers. The sector was already poised for strength after a decade of underinvestment.