Jefferies on tanker stocks following U.S. sanctions on Iranian oil exports

Tanker stocks surged after U.S. sanctions on Iranian vessels. Tightened VLCC supply and strengthened demand could bolster the market, as noted by Jefferies.

Frontline shares dive 12% on profit slump

Norway stocks higher at close of trade; Oslo OBX up 0.70%

Norway's stock market showed gains, with key sectors rising, while some stocks faced declines. Kongsberg hit record highs; Borr reached a 52-week low.

Earnings call: Frontline plc reports a net income of $187.6 million

Frontline plc reported strong Q2 2024 results with net income of $187.6 million, highlighting liquidity and fleet efficiency while navigating geopolitical risks.