Muscat: Oman has secured the backing of Gulf states for a plan allowing Tehran to collect voluntary fees from ships navigating the Strait of Hormuz. This initiative aims to address disruptions in oil trade caused by the ongoing US-Israeli conflict wit…
Washington: US officials are increasingly convinced that imposing economic sanctions will cause more enduring harm to Iran than military strikes, as reported by Axios. They cite a worsening economic crisis in Iran, suggesting that financial pressure m…
Muscat: The official price of Oman crude oil for September delivery settled today at USD 77.04 per barrel. The price of Oman oil recorded a decrease of USD 5.37 today compared to yesterday Monday’s closing price of USD 82.41.
According to Oman News A…