Oil Prices Rise Amid Strait of Hormuz Closure Threat

Oil prices increased on Tuesday as the deadline for closing the Strait of Hormuz approaches. Brent crude rose by 0.5%, and American Texas crude by 0.96%.

As the deadline for closing the Strait of Hormuz approaches on Tuesday, Brent crude rose by 0.50% to $109.50 per barrel, while American Texas crude increased by 0.96% to $122.60.

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2026-04-06T18:19:50+00:00

Amwaj Unveils New Residential Complex 'Kaya'

Amwaj Real Estate Development has officially unveiled 'Kaya', a contemporary residential complex inspired by nature and embodying tranquility, located on the islands.

Economy Events Country

2026-04-05T23:35:07+00:00

Alternative Pipelines: A Strategic Response to the Strait of Hormuz Threat

Amid growing geopolitical instability, Gulf nations are seeking ways to reduce their dependence on the strategically vital but vulnerable Strait of Hormuz. The construction of alternative oil pipelines is being considered as a key step towards ensuring regional energy security and economic stability.

Economy Politics Country

2026-04-05T13:24:16+00:00

Oman, Iran Discuss Hormuz Strait Passage

Oman and Iran held talks on guarantees for free shipping in the Strait of Hormuz, which is of key importance for global energy. This was reported by Omani state media.

Politics Economy Country

2026-03-30T22:17:15+00:00

Build a Panama-Like Canal through Oman to Avoid Iran’s Missile Threats

The article explores the possibility of building a canal in Oman and the UAE as an alternative to shipping in the Persian Gulf, controlled by Iran. The author compares this project to the Panama and Erie canals, highlighting its economic and strategic benefit for the region and the West.