Business & Economy · 23 views
Oman walks a diplomatic tightrope over Strait of Hormuz fees, creating a ‘blind spot’ for markets
Oman is using strategic ambiguity as talks over possible Strait of Hormuz fees raise legal, diplomatic and oil market concerns.
Summary
Oman's reputation for neutrality has earned it the nickname the " Switzerland of the Middle East ." But the country, which sits to the south of the Strait of Hormuz , is employing a deliberately opaque diplomatic strategy in discussions about tolls for the critical waterway, and markets have a "blind spot" for what could happen next, analysts tell CNBC.
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