- 18 August, 2026
Iran: Shipping Route Agreement With Oman in Final Stages – What Will Happen Next?
Iran states that the negotiations with Oman regarding the new shipping route framework for the Strait of Hormuz have been completed at the final stage.
Saudi Arabia has announced a Red Sea security initiative amid threats to trade routes from regional instability
Saudi Arabia has said it will create a multinational maritime defence coalition to protect the Red Sea and its surrounding waters, positioning itself as the
Iran Rejects Joint Omani Maritime Framework, Asserts Unilateral Sovereignty Over Strait of Hormuz Chokepoint
Iran has turned down a proposal from Oman that would have split management of the Strait of Hormuz between the two countries, according to Iranian
Conflict Within the Middle East.Decline in revenue from Suez
The Suez Canal in Egypt became one of the busiest trade routes in the world, and that again fell into almost two-thirds in 2024. According