Iran Declares Strait Closure Pending US Response
Reports indicated that Oman has initiated a crew evacuation operation for a commercial ship off the coast of Musandam following a collision incident involving a truck and several vehicles in the Wilayah of Samail. The Sultanate also experienced political and economic developments, including the Central Bank raising interest rates and the issuance of new Royal Decrees. Additionally, the weather was affected by a low-pressure system for three days. Economic growth forecasts, according to the Standard Chartered Centre, expect an increase between 3.5% in the years 2026 and 2027.
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