India and Oman to sign a trade deal, strengthening ties amid rising Middle East tensions.
India and Oman will sign a trade deal in the coming months, strengthening ties with the Middle East amid rising tensions that risk major shipping routes. The deal will provide India with strategic access to key trade routes and will support annual trade that currently stands at less than $13 billion. Oman is a crucial gateway to the Strait of Hormuz, a major transit point for global oil shipments.
April 27, 2024
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