Oman’s re-exports to Iran more than double during Strait of Hormuz tensions
Oman's re-exports to Iran more than doubled during the peak of military tensions in the Strait of Hormuz, reaching $134 million in the March-May period, official Omani data showed.
According to Oman's National Centre for Statistics and Information, re-exports to Iran rose 127% from $59 million in the same period a year earlier, Tasnim reported.
For the first five months of 2026, Oman's re-exports to Iran increased 59% year on year to $450 million, making Iran the second-largest destination for Omani re-exports and accounting for 17% of the country's total re-export trade.
Total trade between Iran and Oman reached $572 million in the January-May period, down 2% from a year earlier, according to the data.
Iran's exports to Oman fell 61% year on year to $117 million, while imports of Omani-made goods totaled $5 million, up from about $3 million a year earlier.
Tensions in the Strait of Hormuz have affected regional trade routes and shipping activity. The strategic waterway, through which a significant share of global oil shipments passes, has faced heightened security concerns following a US-Israeli coalition's attack on Iran that began in late February.