Strait of Hormuz Management: Iran’s FM Abbas Araghchi said Iran and Oman should jointly manage the Strait of Hormuz under international law, with Tehran and Muscat making the key administration decisions while exchanging views with other Gulf states. Oil & Security Impact: Oman’s Mina al Fahal terminal suspended oil loading after an explosion near its single-buoy mooring, amid wider Middle East tensions; the move helped lift oil prices as traders weighed limited shipping through Hormuz. Financial Regulation: Oman’s Financial Services Authority set a 30-day deadline (from 2 June 2026) for applicants to update accounting and auditing registration/licensing after regulatory responsibilities shifted to the FSA. Media Licensing Push: Oman’s Ministry of Information renewed its call for digital media operators to secure mandatory licenses, warning that unlicensed activity violates the Media Law. Sovereign Finance: Oman Sovereign Sukuk Company launched its 11th local sovereign sukuk issue worth RO100mn (greenshoe up to RO20mn), with a 5-year tenor and 4.2% annual profit rate. Logistics Expansion: Asyad Group closed a deal to acquire a controlling stake in Uzbekistan logistics platforms, aiming to link Oman’s ports with Central Asia’s rail/road warehousing and customs corridors. Road & Water Projects: Nama Water Services reported 46% completion of the Wadi Al Sahtan water transmission network (RO17.2mn). Transport Overhaul: Oman’s transport ministry outlined major road and logistics access upgrades under its road infrastructure programme.