REVEALED: 12 | Vintage Vibes

Oman presents Iran with Gulf-backed plan to ease Strait of Hormuz tensions

Oman has presented Iran with a Gulf-backed proposal to jointly manage the Strait of Hormuz, including a system of voluntary fees for ships using the strategic waterway, according to a Gulf source and a Western diplomat. The plan aims to provide a framework for restoring stable shipping through the strait…

France 24 · Jul 28

Why is Oman proposing a new plan to manage the Strait of Hormuz?

Oman has proposed a regional management plan for the Strait of Hormuz. This plan suggests voluntary fees to cover operational costs and services. Iran previously sought to control the strait and charge transit fees. The United States also considered charging for passage through the waterway. International law generally prohibits charging…

The Economic Times · Jul 28

India bonds pause rally as large debt supply, Fed decision loom

Indian government bonds ended the day unchanged on Tuesday after a recent rally, as an influx of ten-year notes and the Federal Reserve's policy decision dampened risk appetite. Market participants kept a close eye on oil prices and U.S. Treasury yields for guidance. There is an expectation of a rate…

The Economic Times · Jul 28

India's engineering exports climb 21% to $11.48 bn as China demand surges 74%

India's engineering exports rose 21% year-on-year to $11.48 billion in June, supported by strong demand from China, the US, Germany and Oman despite shipping disruptions in the Red Sea and Strait of Hormuz. Engineering exports grew 18.09% in the April-June quarter, helping support India's merchandise exports amid rising logistics costs.

The Economic Times · Jul 27

Engineering goods exports surge 21% in June, over five-fold rise in shipments to Oman

India's engineering exports reached US$11.48 billion in June, marking a 21% year-on-year increase. Shipments to Oman and China saw substantial growth, boosting regional performance. The United States remained the top destination for Indian engineering goods during this period.

The Economic Times · Jul 27

US, Iran hold fire for second day as ceasefire talks gain momentum

The United States and Iran refrained from launching attacks for a second consecutive day as mediators worked to revive an interim ceasefire agreement after nearly two weeks of escalating hostilities. The pause has raised cautious hopes for de-escalation, with Oman-led diplomacy focusing on restoring confidence and addressing disputes over navigation…

The Economic Times · Jul 27

Kospi index and U.S. stock futures jump as new Hormuz talks send oil prices plunging amid Iran war pause while Wall Street awaits Fed meeting

Iran and Oman are also in talks that center around having Iran run vessel transit through the Strait of Hormuz with fewer restrictions on ships.

Fortune · Jul 27

Oil tanker explodes after hitting naval mine in Strait of Hormuz: Iranian Media

An oil tanker reportedly exploded after deviating from Iran's designated shipping route. This incident occurred amid ongoing diplomatic progress between Iran and Oman. Regional sources indicated that US bombings in the area were intentionally paused. Military leaders cautioned against a broader campaign due to depleting missile interceptors. Iranian forces had…

The Economic Times · Jul 26

Iran-Oman talks on reopening Strait of Hormuz make progress: Report

Omani officials visited Tehran for talks on reopening the Strait of Hormuz. These discussions occurred while the United States paused its bombings in the region. Iran accused the United States of violating a memorandum of understanding regarding shipping routes. The US Central Command stated its naval blockade against Iran remains…

The Economic Times · Jul 26

Ugandan women work in the Middle East even though they face abuse. They told us why

Labour migration from Uganda to the Middle East has surged since the early 2000s, with many young women travelling for employment as domestic workers. Most of these jobs are in Oman, Kuwait, the United Arab Emirates and Saudi Arabia.

The Conversation · Jul 22