Frontline (FRO) stock price increased 7.5% due to geopolitical tensions benefiting oil tanker operations.

From Yahoo Finance: 2025-06-14 09:08:00

Frontline PLC (NYSE:FRO) saw a 7.46% jump in stock price on Friday, reaching $19.74 per share amid geopolitical tensions between Israel and Iran. The company, an oil tanker business, is expected to benefit from higher freight rates and rerouting costs due to the risks. Western naval forces warned of increased risks to commercial shipping around the Hormuz Strait following Israel’s military strike on Iran. Despite caution in risky areas, Frontline PLC CEO Lars Barstand mentioned hesitancy in offering. While Frontline presents investment potential, some believe AI stocks offer greater returns with limited downside risks. Check out the best short-term AI stock for more insights.

Read more: Frontline (FRO) Jumps 7.5% as Geopolitical Tensions Expected to Benefit Operations