Oman walks a diplomatic tightrope over Strait of Hormuz fees, creating a ‘blind spot’ for markets

Oman has not taken a public position on proposed fees for ships passing through the Strait of Hormuz during ongoing regional negotiations. The strait handles approximately 20 percent of global oil trade, according to energy analysts. Discussions over potential transit fees involve multiple parties and remain unresolved. Oil markets have responded with price volatility amid uncertainty over the outcome of the talks.

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