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Accurate estimates of extreme waves are central for maritime activities, and stochastic wave models are the best option available for practical applications. However, the way currents influence the statistics of space–time extremes in spectral wave models has not been properly assessed. Here we demonstrate impacts of the wave modulation caused by one of the world's strongest open ocean tidal currents, which reaches speeds of at least 3 m s−1. For a bimodal swell and wind sea state, we find that most intense interactions occur when the wind sea opposes the tidal current, with an increase in significant wave height and spectral steepness up to 45% and 167%, respectively. The steepness modulation strengthens the second-order Stokes contribution for the normalized extreme crests, which increases between 5% and 14% during opposing wind sea and current. The normalized extreme wave heights have a strong dependence on the narrow-bandedness parameter, which is sensitive to the variance distribution in the bimodal spectrum, and we find an increase up to 12% with currents opposing the wind sea. In another case of swell opposing a tidal jet, we find the spectral steepness to exceed the increase predicted by a simplified modulation model. We find support in single-point observations that using tidal currents as forcing in wave models improves the representation of the expected maximum waves, but that action must be taken to close the gap of measurements in strong currents. Significance Statement: The purpose of this study is to investigate how a very strong tidal current affects the surface wave field, and how it changes the stochastic extreme waves formulated for a space–time domain. Our results suggest that the expected maximum waves become more realistic when tidal currents are added as forcing in wave models. Here, the expected extremes exceed traditional model estimates, i.e., without current forcing, by more than 10%. These differences have implications for maritime operations, both in terms of planning of marine structures and for navigational purposes. However, there is a significant lack of observations in environments with such strong currents, which are needed to further verify our results. [ABSTRACT FROM AUTHOR]