Oman Warns of Global Economic Fallout from Iran Conflict, Urges Safe Navigation in Strait of Hormuz
Muscat, The Gulf Observer: Oman’s Foreign Minister, Sayyid Badr bin Hamad Al Busaidi, has expressed deep concern over the escalating conflict involving Iran, warning of far-reaching global economic repercussions while affirming that the Sultanate is working intensively to ensure safe navigation through the Strait of Hormuz.
Speaking on the evolving situation, the minister underscored that the conflict is already disrupting global markets and could worsen significantly if it persists. “Whatever your view of Iran, this war is not of their making,” he stated, emphasizing the need for de-escalation.
He further highlighted Oman’s active diplomatic and logistical efforts to secure safe passage through the Strait of Hormuz—one of the world’s most critical maritime corridors for energy supplies.
Meanwhile, US President Donald Trump announced a temporary pause in military escalation, stating he would step back from a 48-hour ultimatum that had called on Iran to reopen the Strait or face strikes on its energy infrastructure.
In a statement posted on Truth Social, Trump cited “very good and productive conversations” with Iran as the reason for the decision, adding that he had directed the military to postpone any potential strikes on Iranian power plants and energy infrastructure for a five-day period. However, he noted that the pause remains conditional on the progress of ongoing talks.
In contrast, Iran’s Ministry of Foreign Affairs rejected claims of any current negotiations with the United States. In a statement carried by Mehr News Agency, the ministry described the US President’s remarks as an attempt to buy time for further military planning and to influence global energy markets amid rising prices.
“The US President’s statements are within the framework of efforts to reduce energy prices and gain time to implement his military plans,” the ministry said.
The Iranian side further reiterated that it does not consider itself responsible for initiating the conflict, stating that any de-escalation initiatives by regional countries should be directed towards Washington.
Separately, Fars News Agency quoted an Iranian security official as saying that there has been “no direct or indirect contact with the US.”
The situation continues to raise concerns among regional and global stakeholders, with the Strait of Hormuz remaining a focal point due to its strategic importance in international energy trade.
