Disruption in the Strait of Hormuz has exposed the vulnerability of global trade to a single maritime chokepoint, with early data showing sharp falls in exports of energy, fertilizers and industrial products, the United Nations said in its report on Tuesday. The analysis focuses on 12 energy, fertilizer, and industrial products for which Hormuz-dependent economies […]
MANILA: The Sultanate of Oman has firmly reaffirmed its stance on the critical importance of keeping global waterways open, emphasising that freedom of navigation is paramount to safeguarding international trade, energy security, and the global food supply. Representing the Sultanate of Oman, Sayyid Badr bin Hamad al Busaidy, Foreign Minister, led the Omani delegation at […]
MUSCAT, JULY 9 Indian exporters have begun using the Oman-India Comprehensive Economic Partnership Agreement (CEPA) to move early seafood and processed-food shipments to the Sultanate of Oman, offering one of the first practical tests of the trade pact since it entered into force on June 1. The agreement, signed in Muscat on December 18, 2025, […]
MUSCAT, JUNE 23 At a time when the global trade landscape is rapidly evolving and the need for secure, flexible logistics corridors is becoming increasingly critical, the Port of Duqm is emerging as one of the most strategically important projects reshaping Oman’s role in international supply chains, according to Reggy Vermeulen, CEO of the Port […]
MUSCAT: Oman’s trade surplus remained broadly stable at RO 1.54 billion in the first quarter of 2026, as a decline in exports was largely offset by lower imports, according to preliminary data released by the National Centre for Statistics and Information (NCSI). The surplus compared with RO 1.53 billion recorded during the same period of […]
PARIS: Global trade in fertilisers crucial to agriculture harvests worldwide have slumped 30 per cent since the start of the year, as the Mideast war sent prices soaring and led several countries to restrict exports, the UN’s Food and Agriculture Organization said on Thursday. Many farmers have delayed or forgone purchases as supplies tightened with […]
It’s summer grilling season, but for many Americans, surging prices mean beef is no longer what’s for dinner. The cost of beef, having spiked since early 2025, is coming under even more pressure. The most recent is the screwworm outbreak that hit cattle in Mexico and has now spread to the United States, where the […]
