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Oman

July 13, 2026

Muscat 6:47 am

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Oil tankers and cargo vessels are anchored off the coast of Oman after being stranded for days as congestion at Port Sultan Qaboos has prevented them from docking on June 23, 2026 in Muscat, Oman. The Strait of Hormuz, a vital shipping route for the region's oil and gas, was effectively blockaded since the outbreak of war between the United States and Iran in late February. This week's provisional peace deal between the countries was meant to reopen the waterway to shipping traffic, but the pace of that reo

Oil prices ease as OPEC+ increases production, Hormuz traffic rebounds

Brent crude, the international benchmark, fell 0.15% to $71.87 a barrel as of 8:07 a.m. EDT after dropping as low as $71.09 earlier in the session, its lowest level since before the US-Israel-Iran war began on Feb. 28.

Latest News

Oman's sultan meets Macron in first France visit since 1989: What to know

French President Emmanuel Macron (L) and Oman's Sultan Haitham bin Tarik pose during a meeting with business leaders in Paris on June 29, 2026.

Traffic plummets through Strait of Hormuz after Iran, US trade fire

AFP via Getty Images

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

United Arab Emirates

Iran’s IRGC warns against using 'highly dangerous' Hormuz route: What to know

Hamed Malekpour / Middle East Images / AFP via Getty Images

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Karen Young

In Washington, DC, reporting on regional energy

AMIRHOSSEIN KHORGOOEI / ISNA / AFP via Getty Images

Explainer

Hormuz tolls, frozen funds pose early tests for US-Iran peace progress

Early cracks are beginning to show following last week’s US-Iran deal announcement even as both sides move ahead with steps toward ending the four-month conflict.

Speaker of the parliament of Iran, Mohammad Bagher Ghalibaf (R), arrives at the Burgenstock resort in Obbuergen, near Lucerne, Switzerland, on June 21, 2026.

Iran's Ghalibaf holds talks in Oman on Strait of Hormuz: What to know

The US-Iran memorandum of understanding signed last week calls for Iran and Oman to hold talks on the future administration of the strait.

Jalaa MAREY / AFP via Getty Images

Breaking | Last Updated: June 9, 2026, 5:51 pm

US military strikes Iran after Apache helicopter downed off Oman

The alleged shoot-down came hours after a US fighter jet fired on a Palau-flagged commercial tanker accused of attempting to outrun the US blockade of Iran.

Oil tankers and high-speed crafts anchored near the Strait of Hormuz, Muscat, Oman, March 30, 2026.

Analysis

Oman’s wartime paradox: Diplomatic losses, economic gains

Experts see Oman gaining long-term economic benefits from the US-Israel-Iran war even as the conflict bruises Muscat’s diplomatic standing.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

AFP via Getty Images

Oman denies disruption at key oil hub after reported drone attack

Oman’s state-owned oil company rebuffed reports about the suspension of oil loading operations at a key port following an alleged drone attack.

Amjad Kurdo / Middle East Images / AFP via Getty Images

Explainer

How Iran war created unexpected economic beneficiaries

The Strait of Hormuz crisis is reshaping global energy and trade flows, creating opportunities for economies far beyond the Middle East.

Oman's Foreign Minister Sayyid Badr Albusaidi (L) and US President Donald Trump pose during a summit on Gaza in Sharm el-Sheikh on October 13, 2025.

Trump threatens to 'blow up' Oman as US-Iran talks stall

“Oman will behave just like everybody else, or we will have to blow them up,” Trump said in surprising comments on Wednesday.

AFP via Getty Images

Iran’s Hormuz authority declares control over ports in UAE, Oman: What to know

The Persian Gulf Strait Authority released a map showing its “areas of oversight” extending to the United Arab Emirates’ ports, eliciting a rebuke from a senior Emirati official.

Haitham AL-SHUKAIRI / AFP via Getty Images

Oman enters Gulf AI race with new special economic zone in Muscat

Oman will create an AI-focused special economic zone in Muscat governorate.

A police speed boat patrols the port as oil tankers and high speed crafts sit anchored at Muscat Anchorage near the Strait of Hormuz on March 30, 2026 in Muscat, Oman.

Analysis

Hostage to Hormuz, can Gulf rewire future energy flows to bypass Iran’s chokepoint?

As the US-Israel-Iran war disrupts around 20% of global oil supply, experts point to opportunities and challenges facing a renewed push to develop alternatives to the Strait of Hormuz.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Jean-Christophe VERHAEGEN / AFP via Getty Images

TotalEnergies reaped more than $1B profit from Iran war: What to know

Non-Middle Eastern energy firms have been particularly benefiting as energy flows have been choked off from the Gulf.