Tanker incidents off Oman and a sharp drop in Strait of Hormuz traffic heighten Gulf shipping risks amid escalating Iran-US tensions and naval blockades.

A tanker was hit by an unknown projectile near Oman, raising security risks. Traffic in the Strait of Hormuz returning to normal by September 30 at 15.5% YES.

DUBAI: A tanker was struck by an “unknown projectile” off the coast of Oman, a British maritime agency said on Saturday, as the United States and Iran vie for control of the…