Oman-Iran trade rises 12% to $970m in first seven months
Trade between Oman and Iran rose 12% year-on-year to $970 million in the first seven months of 2026, with Omani re-exports to Iran increasing 64%, according to Oman’s National Centre for Statistics, cited by Eqtesad-e Moaser.
Bilateral trade totaled $865 million in the same period in 2025, the report said.
The increase came amid intensified military conflict in the Persian Gulf since March and disruptions to transport routes.
Iran was Oman’s largest re-export destination in the January-July period, with re-exports to the country reaching $765 million, up 64% from a year earlier, according to the report. The growth partly offset disruptions to Iran’s maritime trade through the United Arab Emirates.
A large share of Iran’s trade had been routed through the UAE’s Jebel Ali port. When the UAE announced that Iranian vessels would not be allowed to load or unload cargo there, a significant portion of that trade effectively ground to a halt.
The increase in Omani trade with Iran also comes as US naval restrictions continue to affect Iran’s southern ports. Washington imposed the blockade as part of a pressure campaign following a 40-day US-Israeli conflict that began in late February, constraining Tehran’s trade options.
In response, Iran has been working to diversify its logistics corridors, redirecting cargo flows toward northern ports and hubs in Pakistan, India and Oman.
Meanwhile, Oman’s direct exports to Iran rose more than fourfold to $25 million in the first seven months of 2026, up from $6 million in the same period last year.
By contrast, Omani imports from Iran fell 54% to $180 million in January-July, compared with $394 million a year earlier.