Investors monitor Oman-Iran shipping negotiations closely

Gulf equity markets remained subdued as investors awaited clarity on negotiations involving Oman and Iran over proposed new shipping arrangements through the Strait of Hormuz. The uncertainty has kept traders focused on energy exports, shipping security, and the broader regional economic outlook. Saudi Arabia’s benchmark index showed only modest movement, while oil prices remained elevated due to ongoing geopolitical concerns. Reuters reported that the Hormuz negotiations are being watched closely because the strait handles a significant share of global oil and LNG shipments.

Source

Reuters – 9 August 2026