Strait of Hormuz Update: Iran says the Hormuz deal with Oman won’t take effect until the US meets conditions under the Islamabad MoU, while the US White House insists American forces control the strait after clearing mines and protecting commercial traffic. Oman-Iran Shipping Corridor: Tehran and Muscat are advancing a temporary corridor managed jointly, but Iran warns the waterway stays closed unless Washington complies. Oil & Markets: Crude prices remain choppy as Hormuz risk and Fed expectations collide, with tanker activity still far below pre-war levels. Oman Economy Watch: Oman’s GDP grew 2.6% in Q1 2026, led by petroleum activity, and the Muscat Stock Exchange financial sector index hit an 18-year high. Renewables & Energy Transition: Duqm advances its Duqm City Renewable Energy initiative with two wind projects (58MW) moving to tender-ready stage. Logistics & Trade: Gulf Warehousing Company completes major frozen bulk vessel operations in Oman, extending cold-chain capacity across the GCC. Industry & Investment: Oman unveils Dhofar investment opportunities worth about OMR1.95bn, while Nizwa Industrial City reports 20 projects worth over OMR12mn. HSE & Compliance: Oman strengthens health, safety and environment standards across the oil and gas sector with tighter governance and improved accident metrics. Events for Business: Salalah hosts engineering and water-climate forums, plus a halal tourism workshop aimed at expanding Oman’s services exports.