Oil prices climb amid tensions
The Sultanate of Oman condemned the attacks on Bahrain, Kuwait, and ships in the Strait of Hormuz, and expressed its solidarity with Saudi Arabia following the assaults. It also revealed details of a proposed plan to manage the Strait of Hormuz to enhance navigation security. This comes amid rising regional tensions and increasing oil prices, as Qatar and Saudi Arabia work to de-escalate the situation and ensure regional stability.
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