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Oman

Oman · OMN · Middle East

Risk Score

Guarded→ Stable

Risk Factors

No recent events in pipeline

Overview

Oman is a stable absolute monarchy on the southeastern coast of the Arabian Peninsula, strategically located near major shipping lanes. Its economy is heavily reliant on oil and gas, but the government is actively pursuing diversification into tourism, logistics, and manufacturing under its Vision 2040 plan.

Leadership

Haitham bin Tariq Al Said

Sultan

GOVERNMENT: Absolute monarchy

Sayyid Badr bin Hamad bin Hamood Al Busaidi

Sultan bin Salim bin Said al-Habsi

Sayyid Shihab bin Tariq Al Said

Economy

GDP

$120.0B

GDP per Capita

$24.0K

GDP Growth

+3.0%

Inflation

2.0%

Unemployment

3.0%

Oil and gasTourismLogisticsManufacturingMining

Trade

Key Exports

Crude oilNatural gasRe-exportsMineral productsChemicals

Key Imports

Machinery and transport equipmentManufactured goodsFood and live animalsChemicalsVehicles

Top Partners

ChinaUnited Arab EmiratesIndiaSaudi ArabiaSouth Korea

Recent Events (1)

High2h ago

Discussion on Strait of Hormuz

A comment referencing the Strait of Hormuz in a broader discussion.

Headlines (8)

fortune13h ago

As Trump administration readies economic warfare measures against Iran, top security official vows retaliation ‘in a seismic manner’

hellenicshippingnews13h ago

Oil majors pile in on Americas projects to plug production gap

hellenicshippingnews13h ago

Iran grants Iraq limited Hormuz passage to revive oil exports

syrianobserver13h ago

Beyond Abu al-Duhur: The Regional Power Struggle Over Syria and Paths to Survival

bursa13h ago

Gold and oil - on a strong positive course, but for different reasons

newsable_asianetnews14h ago

US, Oman discuss collaboration, regional stability in Muscat meeting

yahoo14h ago

Mike Pence warns Trump he’ll have to ‘go in and finish the job’ in Iran

bundle_app14h ago