Oman Energy & Trade Disruption: Petroleum Development Oman said Mina al Fahal operations are proceeding normally after an explosion near mooring berths, though Reuters earlier reported crude loading was suspended following a suspected drone attack; the terminal exports about 800,000–900,000 bpd, so any hiccup is closely watched by regional markets. Strait of Hormuz Tensions: Iran claims it fired warning missiles and drones at US destroyers in the Gulf of Oman, while the US denies any attack and says it continues enforcing a blockade; the standoff is keeping shipping and energy risk premiums elevated. Oil Markets: Oil prices slipped as traders leaned toward de-escalation hopes, even as Iran’s blockade pressure and Hormuz uncertainty continue to rattle supply expectations. Sanctions & Shipping Networks: The US Treasury announced fresh sanctions on an Iranian-linked network accused of smuggling LPG using UAE/China front firms, falsified shipping records and “shadow fleet” vessels. Food Security: The UN World Food Programme warned the West Asia conflict is pushing millions toward hunger as fuel and transport costs rise and aid funding falls, with Afghanistan and Somalia among the hardest hit. Oman Business & Logistics: Asyad Group moves to expand its logistics footprint with acquisitions and partnerships in Uzbekistan, reinforcing Oman’s role in regional trade corridors.