Oil Tanker Stock Benefits From Strait Of Hormuz Closure

Oil tanker and transport vessel operator CMB.TECH (CMBT) is now benefiting from the closure of the Strait of Hormuz with its first-quarter profit soaring as spot freight rates shoot up. That's just one reason CMB is Monday's IBD 50 Growth Stocks To Watch. The tanker stock is trading sideways in a consolidation after a plunge from a recent high. The Belgium-based firm…