Threat to Middle East oil tankers at highest level since Iran war. Strait of Hormuz traffic normal by August 31 at 12.5% YES.

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.

The Strait of Hormuz, which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, is one of the world's most crucial oil and gas transit chokepoints, carrying…