A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near Oman as tensions escalate around the key shipping lanes of the Middle East, sending Brent back above $90 per barrel. The Kaifan tanker, owned by Kuwait Oil Tanker Co. S.A.K., was the vessel hit by an unknown projectile in the Strait, per security consultancy EOS Risk Group cited by Bloomberg. UKMTO has received multiple reports that a tanker is reporting over VHF Channel 16 that it has been struck by an unknown projectile in the Strait of Hormuz. Tanker traffic at Hormuz has collapsed to a two-month low, reigniting fears of supply shortages amid peak summer oil demand.