Maritime traffic declines at Strait of Hormuz
The article primarily focuses on the progress of negotiations between Oman and Iran regarding freedom of navigation in the Strait of Hormuz. It indicates that Omani communications have resumed aimed at de-escalating tensions and securing passage for vessels. The article also discusses the understandings reached concerning the transit map in the strait and Oman's response to the incident involving the grounding of a ship off the Hulaylat Islands. Additionally, it highlights the significant increase of 66.8% in the Muscat Stock Exchange index in the first half of the year and emphasizes the Sultanate of Oman's continued support for freedom of navigation in the strait.
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