BTIG raised the firm's price target on International Seaways to $100 from $90 and keeps a Buy rating on the shares as part of a broader research note on Oil and Tanker markets. While the 60-day Iranian oil sanction waiver has increased Arabian Gulf oil exports, a lot of work needs to be done before the conventional tanker fleet starts lifting cargo from the Gulf, the analyst tells investors in a research note. Crude tanker demand should also be supported post the war as major Asian crude importers look to replenish their inventories, the firm added.
