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Omani Minister: Strait of Hormuz to reopen shortly
Omani Energy Minister Salim al-Aufi predicted that the Strait of Hormuz will open, indicating that the current situation is considered short-term and expecting it to stabilize in the medium term. Al-Aufi affirmed Oman’s ability to continue producing oil and gas, warning that the unsustainable rise in oil and liquefied natural gas prices requires diversifying export options and identifying alternative sources. He also noted that Iraq’s plan to export oil via a pipeline passing through Syria will take approximately four years to implement, amid increasing regional tensions and their impact on global energy markets.
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