🟢 International Seaways is trading 5% up in pre-market after Strait of Hormuz disruptions reduced tanker traffic

International Seaways is trading 5.14% up at $103.85 after renewed Strait of Hormuz disruptions reduced tanker traffic and heightened expectations for elevated shipping rates.

• Reuters reported only six commodity vessels crossed the waterway on August 18.
• Brent crude reached $91.28 on August 19.
• The move follows record second-quarter results; no new company-specific announcement was identified.