Saudi Arabia and Oman have signed a new trade and logistics pact as the Strait of Hormuz remains severely disrupted amid the Iran war. The agreement will boost land-based trade through the Saudi-Oman Highway and give Saudi Arabia greater access to Omani ports outside the Hormuz chokepoint. The move comes as pressure on both the Strait of Hormuz and Bab el-Mandeb threatens Gulf oil exports and regional shipping routes. But analysts warn that alternative land corridors cannot quickly replace the enormous volumes of crude that normally pass through Hormuz. Hem Saroya explains what the Saudi-Oman deal means for Gulf trade, oil exports and the wider Middle East crisis.
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Saudi Arabia Oman Trade Deal | Strait Of Hormuz Crisis | Saudi Oman Highway | Hormuz Alternative Route | Saudi Oil Exports | Oman Ports | Iran War | Gulf Oil Crisis | Bab El-Mandeb | Middle East Shipping Crisis | Firstpost | World News | News Live | Vantage | Hem Saroya | News
#saudiarabia #oman #straitofhormuz #hormuzcrisis #iranwar #oilandgas #middleeast #redsea #geopolitics #shippingcrisis #firstpost #vantageonfirstpost
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