U.S. Secretary of State Marco Rubio met with the ambassador of Oman to discuss bilateral cooperation amid heightened tensions in the Middle East. This meeting comes shortly after President Donald Trump threatened military action against Oman, escalating the already fraught situation regarding the Strait of Hormuz. Iran recently finalized a trade agreement with Oman, highlighting Muscat’s continuing economic engagement with Tehran. These diplomatic and military tensions appear to have impacted market expectations around potential U.S.-Iran peace talks.
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