A vessel has been struck by an unknown projectile and caught fire off Oman, just 18 nautical miles east of Khasab, according to UKMTO. The fire was extinguished and the vessel and crew are safe, but the incident comes as tensions around the Strait of Hormuz remain extremely high. Iran says the Strait will not reopen until the United States changes its behavior, while Tehran and Muscat are discussing alternative shipping routes. Iran is also considering new rules to regulate maritime traffic through the strategic waterway. With Iran and Oman holding maritime rights in the region and international shipping governed by UNCLOS, the latest vessel incident could have major implications for global trade, energy supplies and freedom of navigation.