International Seaways Inc (INSW) surged 8.24% in pre-market trading on Monday, significantly outperforming the broader market.
The sharp rise in International Seaways shares comes amid broader gains for U.S.-listed tanker companies following heightened geopolitical tensions with Iran. Conflicts in the Middle East typically disrupt shipping routes and increase demand for tanker services, benefiting companies in the maritime transportation sector.
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