Economy | Omanet

The global energy shock from the partial closure of the Strait of Hormuz amid the US-Israel war on Iran demands

Minerals Development Oman (MDO) grew assets to RO 226.9M in 2025, despite revenue dropping to RO 10.1M. Focused on strategic

China condemned Mexico's tariff hikes on Chinese goods, calling them trade barriers and warning of possible countermeasures. The increased duties

The global energy crisis deepens as the US-Israeli war on Iran disrupts 20 million barrels/day from the Strait of Hormuz,

India has delayed by a year its plan to reduce coal power output during high solar generation due to unresolved

Jet fuel prices have surged since the Iran War began on Feb 27, rising from $95.95 per barrel on Feb

Iran informed the UN maritime body that 'non-hostile' ships may safely pass through the Strait of Hormuz, closed to tankers

Meranti Green Steel is advancing key development milestones for its 2.5 mtpa low-carbon iron plant in Duqm, Oman. Focus areas

Australia and the EU signed a trade deal ending tariffs on almost all European goods and Australian critical minerals exports.

Euro zone private sector growth slowed sharply in March due to the Middle East war, causing input costs to hit

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