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Strait of Hormuz shipping routes news and market signals

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India-Oman Trade Pact Gains Urgency as Hormuz Tensions Rise

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Medium 7/10India Oman

India-Oman Trade Pact Gains Urgency as Hormuz Tensions Rise

India's recently enacted Comprehensive Economic Partnership Agreement with Oman, effective June 1st, is gaining strategic importance. The pact offers India an alternative trade route, bypassing the increasingly volatile Strait of Hormuz.

June 3, 2026