At its narrowest point, the Strait of Hormuz is 21 miles, and that is a primary reason why the GPS signal jamming is a critical issue for ships, Frangou said. "This is very important," Frangou said.

Meanwhile, Goldman Sachs has warned that oil prices could surge to $110 per barrel if traffic through the Strait of Hormuz is severely disrupted — such as a 50% cut for one month followed by a ...

Frontline tanker Front Eagle and dark fleet tanker Adalynn collided last week near the Strait of Hormuz. Following the collision, a fire on the deck of the Front Eagle erupted and was extinguished.

Teekay Tankers: A Strait Of Hormuz Play With Over 40% Of Market Cap In Net Cash Jun. 23, 2025 1:30 PM ET Teekay Tankers Ltd. (TNK) Stock TNK 13 Comments Nikolaos Sismanis 8.71K Follower s ...