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The Latest Breaking News from Oman

From selling vegetables in Mumbai to studying 18 hours a day: An inspiring journey from struggles to owning a ₹1 crore home at 21

Abhishek Vaishya's inspiring journey began at a Mumbai vegetable cart. He overcame humble beginnings in a small chawl to become a chartered accountant. Vaishya now leads a successful practice in Oman and the UAE. His early life involved waking up early to help his father sell vegetables. This dedication continued…

The Economic Times

24 Indian seafarers seek urgent help after vessel reportedly attacked off Oman coast

Twenty-four Indian seafarers are urgently seeking help after their vessel was reportedly attacked off Oman's coast, near the Strait of Hormuz. The Forward Seamen's Union of India has appealed to the Indian Navy and authorities for intervention amidst rising regional tensions. Details regarding the attack and the vessel remain unconfirmed…

The Times of India

West Asia War: Hormuz strait will be open but with transit fees, Iran envoy to Moscow quoted

Iran and Oman will control passage through the Strait of Hormuz. New conditions, including transit fees, will be implemented. This follows disruptions to oil flows due to a conflict. Several tankers have recently exited the Gulf. Oil and gas flows remain restricted. Iran stated fees will depend on ship type…

The Economic Times

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Iran ‘fires warning shots’ at US destroyers in Gulf of Oman

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The Independent UK

Oman suspends crude loading after explosion at key oil export terminal

Oman’s Mina al Fahal terminal has suspended oil loading operations after an explosion near its single-buoy mooring (SBM) berths, according to two people familiar with the matter.

The Times of India

Oman resists US pressure to break ties with Iran over strait of Hormuz

Sultanate says talks with Tehran are limited to lawful management of waterway, but Washington has doubts about neutrality

The Guardian - UK

India-Oman trade pact creates strong export push for India's textile MSMEs: Govt

India's textile and apparel sector is poised for significant growth in Oman following the India-Oman Comprehensive Economic Partnership Agreement (CEPA). The pact grants immediate duty-free access on 945 textile and apparel lines, eliminating a 5% MFN duty. This move is expected to boost India's exports, valued at $95.

The Economic Times

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Trade pact with Oman strengthens India's energy security: Experts

The recent trade accord between India and Oman represents a significant leap toward energy independence and economic integration. Experts note that this agreement lays down a sustainable foundation for essential energy imports. With Oman providing an advantageous manufacturing and logistics network, Indian companies are set to thrive.

The Economic Times

The week that was in international affairs: US-Iran deal hangs on nukes, Hormuz; Russia tests NATO

Welcome back to another edition of My Take 5, your weekly round-up of top international news. In this edition we are covering the US-Iran search for a deal to end their war, the Russian drone attack in Romania, growing India-Cyprus strategic ties, Armenia’s upcoming parliamentary elections, and Morocco emerging as…

The Times of India

India-Oman trade pact eases hiring of Indian workers by domestic investors in Muscat

In a significant move, India and Oman have finalized a trade pact that enables Indian firms to hire workers without the constraints of local quotas. Starting June 1, this initiative prioritizes Indian nationals for employment in Omani projects. It also reinforces the protection of Indian workers across various non-service industries,…

The Economic Times

India, Oman free trade pact comes into force

India and Oman's free trade agreement is now active. This pact offers Indian exporters better market access in Oman. Sectors like textiles, leather, and marine products will benefit. Oman is a key trading partner and gateway to the GCC market. Bilateral trade between the two nations has seen growth.

The Economic Times

India may have found reliable trade route beyond Strait of Hormuz with Oman trade deal

India's new trade pact with Oman, effective June 1, offers strategic importance beyond trade. Oman's location outside the Strait of Hormuz ensures a reliable energy and trade gateway for India, even amidst regional conflicts. This agreement is an investment in India's long-term energy and economic security.

The Economic Times

India, Oman trade pact to come into force from June 1; Check what's inside

India and Oman's Comprehensive Economic Partnership Agreement, CEPA, begins on June 1. This pact offers Indian exports 100% duty-free access to Oman. Key sectors like textiles and agriculture will see immediate benefits. Oman also grants zero-duty access to Indian industrial goods. India protects sensitive domestic industries. Service professionals gain new…

The Economic Times

US disables ship allegedly trying to breach Iran port blockade

US forces intercepted the Gambia-flagged bulk carrier Lian Star in the Gulf of Oman for allegedly attempting to breach the American blockade of Iranian ports. The vessel ignored warnings and was disabled by US aircraft, marking the sixth ship stopped amid ongoing tensions impacting global energy and food supplies.

The Times of India

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The Economic Times

Qatar opposes permanent Strait of Hormuz transit fees, open to temporary tolls

Qatar has stated its opposition to permanent transit fees for the Strait of Hormuz. A top official indicated that temporary tolls for purposes like mine clearing are negotiable. This stance comes amid discussions between Iran and Oman regarding a permanent toll system. Qatar aims to balance relations with both Iran…

The Economic Times

‘Tehran said goodbye to “must” 47 years ago’: Iran rejects Trump’s claims of imminent deal

Iran stated no final ceasefire understanding has been reached, rejecting external pressure and asserting self-determination. This follows US President Trump's claim of lifting a naval blockade in the Strait of Hormuz. Iran described US maritime measures as illegal and inconsistent with the ceasefire, emphasizing that actions, not words, will determine…

Reason

Iran Is Turning America's Sanctions Playbook Against It

The U.S. Treasury is trying to fight the kind of trade embargo that it usually imposes on other countries.

We Got This Covered

Donald Trump warns Oman has to ‘behave’ – or else, America will ‘have to blow ’em up’

Iran quickly stepped up to support its neighbour.

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The Economic Times

India-Oman CEPA to strengthen energy security, trade resilience and export growth: Report

India and Oman's Comprehensive Economic Partnership Agreement begins June 1, 2026. This pact will significantly boost trade and energy security. Indian exporters will find new opportunities across various sectors. The agreement also supports India's energy diversification plans. Oman is becoming a key gateway for India's future energy and supply chains…

The Independent UK

Iran-US war latest: Trump says naval blockade in Hormuz will be lifted and pledges ‘final decision’ on peace deal

Iran still has not lifted its blockade and insists there is no clause requiring Tehran to forego costly tolls, according to Iranian media

The Economic Times

US-Iran truce deal awaits Trump as strikes test ceasefire

US and Iranian negotiators edged toward a deal to extend their fragile ceasefire for 60 days, but the potential breakthrough was still hanging on President Donald Trump'on Thursday. Late on Thursday, US Vice President JD Vance told reporters that Trump was not yet ready to approve it, even though negotiations…

The Independent UK

US issues new warning to Oman after Trump threatened to ‘blow up’ ally

IN FULL

The Guardian - UK

Donald Trump shares draft Iran peace agreement with Israel and other allies

US president’s move comes as both sides try to prevent fresh ceasefire breaches scuppering a potential deal

The Economic Times

US, Iran accuse each other of violating truce after attacks

The US and Iran accused each other of breaching a fragile ceasefire after fresh clashes around the Strait of Hormuz, marking the worst flare-up since the truce began in April. Iran said it fired at unauthorised ships and targeted a US-linked airbase after strikes near Bandar Abbas, while US forces…

The Guardian - UK

First Thing: Trump threatens to ‘blow up’ US ally Oman if it does not ‘behave’ over strait of Hormuz

President makes comments after reports Iran and Oman have discussed jointly charging a toll for ships. Plus, how ‘balcony solar’ could help fight rising energy costs

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