Strait of Hormuz Oil Traffic Plummets 90%: Implications for Oman’s Energy Sector and Investment Landscape
Oil tanker traffic through the Strait of Hormuz has plummeted by 90% due to the ongoing Middle East conflict, according
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Oil tanker traffic through the Strait of Hormuz has plummeted by 90% due to the ongoing Middle East conflict, according
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Wednesday, March 04, 2026 | Ramadan 14, 1447 H
Weather: Clear sky, 22°C in Oman.
Editor in Chief: Abdullah Bin Salim Al
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The official price of Oman crude oil for April reached $85.93, up $3.84 from $82.09. Oil prices rose 3% amid
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Iran’s Revolutionary Guards claimed “complete control” of the Strait of Hormuz amid ongoing Middle East conflict. The vital oil route
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Security authorities in Muscat urge citizens to report sightings of drones or similar objects near vital facilities. Community cooperation is
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Oman’s strategic location outside the Strait of Hormuz positions it better than GCC peers for uninterrupted energy exports amid Iran-West
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MUSCAT: The tourism sector is targeted for growth under the Eleventh Five-Year Plan, aiming for a 2.4% GDP contribution and
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Crude oil prices surged over $4 amid the US-Israeli conflict with Iran, disrupting Middle East fuel shipments. Brent crude hit
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Oman has advanced 16 places globally in the 2026 International Digital Competitiveness Assessment, ranking second in the Gulf with a
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