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Rumors the Strait of Hormuz might reopen in a week are driving tanker stocks lower.
Teekay Corporation Ltd. has reported past half-year results for the period ended June 30, 2026, with sales rising to US$664.94 million from US$463.33 million and net income increasing to US$117.15 million from US$33.59 million a year earlier. This performance translated into basic earnings per share from continuing operations of US$1.34, more than tripling last year’s US$0.39, pointing to a significantly higher level of profitability. With earnings per share from continuing operations...
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