Trade Route Risk Index

Commercial shipping incidents spread beyond the Strait of Hormuz after a tanker was struck near Oman’s Sohar anchorage, while vessels were also hit or threatened in Hormuz. The developments point to a widening risk zone for Gulf energy and trade routes.

Attacks on merchant vessels linked to Ukrainian trade expanded into the waters of Romania and Bulgaria, including NATO-member exclusive economic zones. The incidents increase risks from misidentification, collateral damage and unexploded ordnance along Black Sea grain routes.