Strait of Hormuz & shipping risk: Oman reiterated its stance on safe, unhindered navigation through the Strait of Hormuz, warning that recent developments threaten global trade and energy security, as regional talks on practical transit arrangements were postponed amid GCC concerns. Oil market & regional supply: Oil prices slid after reports Saudi Arabia offered additional crude loadings via Oman’s Sohar port, easing some disruption fears tied to attacks on Saudi pipeline infrastructure. Yemen/Red Sea escalation: Houthis expanded attacks and seized strategic positions near Bab al-Mandeb, raising the stakes for Red Sea shipping and adding pressure to already strained Gulf energy routes. Oman in diplomacy: Oman also signalled continued engagement on Hormuz consultations while the wider Middle East conflict keeps negotiations fragile. Global finance spillover: The Fed’s hawkish rate hike rattled markets, with a stronger dollar and lower equities feeding into broader cost pressures that can quickly reach energy-dependent economies. Oman climate & environment: During Oman Climate Week, Kuwait highlighted mangrove restoration efforts, underscoring the region’s push toward climate adaptation and coastal resilience. Regional monetary policy: Bahrain raised rates following the Fed, reflecting how Gulf central banks continue to track US policy moves.