Oman

Economics

In a June 22 royal decree, Oman's Sultan Haitham bin Tariq al Said ratified a 5% income tax on residents in Oman earning over 42,000 rials ($109,000), Bloomberg reported the next day. 

Oman: Personal Income Tax Marks First in GCC

Bahrain

Iran

Israel

Kuwait

Qatar

Saudi Arabia

United Arab Emirates

Energy

Military & Security

Politics

Gulf Arab states condemned Israel's June 13 attack on Iranian nuclear and military targets in a series of official statements, Al Jazeera reported on June 13. 

GCC, Israel: GCC Countries Condemn Israeli Attacks on Iran

Angola

Algeria

Iraq

Kazakhstan

Russia

OPEC+ agreed to increase oil production by 411,000 barrels per day in July, the organization announced in a May 31 communique.

Global: OPEC+ Approves Third Accelerated Production Hike, But Russia-Saudi Tensions May Rise

Brunei Darussalam

Cambodia

China

Indonesia

Laos

Malaysia

Myanmar

Philippines

Singapore

Thailand

Vietnam

Malaysia hosted the inaugural Association of Southeast Asian Nations-Gulf Cooperation Council-China trilateral summit in Kuala Lumpur, Malaysia Channel News Asia reported on May 27.

Asia-Pacific, MENA: ASEAN-GCC-China Inaugural Summit Marks Deeper Economic Alignment

United States

Turkey

Turkey's Trade Minister Omer Bolat said that Turkey would try to negotiate the 10% tariffs imposed on the country with the U.S. Department of Commerce and Trade and would attend the Turkish-American Conference in D.C. in May, Reuters reported April 4.

Turkey, MENA, U.S.: Turkey Will Seek to Negotiate U.S. Tariffs

The eight OPEC+ countries participating in 2.2 million barrels per days of voluntary oil productions cuts -- Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia and the United Arab Emirates -- agreed to continue with their previously announced plans to begin unwinding their voluntary product cuts between April 1, 2025, and September 2026, OPEC said in a statement on March 3.

Global: Eight OPEC+ Members Agree To Phase Out Voluntary Production Cuts Starting in April

A rare shooting attack occurred near a Shiite mosque on the outskirts of Oman's capital, Muscat, on July 15, resulting in at least six deaths and dozens of injuries, BBC reported the next day.

Oman: Rare Shooting Near Shiite Mosque in Muscat Signals Growing Terrorist Risks

Comoros

Djibouti

Mauritania

Somalia

Sudan

Egypt

Jordan

Lebanon

Libya

Morocco

Palestinian Territories

Syria

Tunisia

Yemen

Israel-Hamas Conflict

Arab leaders began to arrive in Manama, Bahrain, on May 15, for the 33rd Arab League summit that will focus on developing a consensus on the Israel-Hamas war in Gaza, The National reported the next day.

MENA: Arab League Summit To Formalize Conditions for Gaza Reconstruction

Assessments

Global Trade

Over the next decade, Gulf Arab states will increase oil and gas exports to emerging Asian markets, seeking alternatives to the U.S. amid tariff uncertainty. But the region's military and tech ties with the U.S. will remain strong.

Geopolitics of Trade: Gulf Arab States Balance Diversification With Enduring U.S. Ties

A rally on Jan. 24 in Sanaa, the Houthi-controlled capital of Yemen. Should the United States attack Iranian ships and advisers supporting the Houthi rebel group, Houthi and Iranian retaliation would become likelier to extend beyond U.S. and Israeli targets to include regional oil and gas installations.

U.S.-Iran Relations

Should the United States also attack Iranian ships and advisers supporting the Yemeni rebel group, Houthi and Iranian retaliation would become likelier to extend beyond U.S. and Israeli targets to include regional oil and gas installations. 

U.S. Strikes on Houthis Risk Embroiling Iran and the Regional Energy Industry

Ethiopia

Middle East and North Africa

The Geopolitics of Water

Environment, Science & Technology

Science & Technology

Population growth, security vacuums, bad governance and climate change will increasingly strain the desert region's already scarce water supplies, raising the risk of social unrest, interstate conflict and violence from non-state actors.

The Geopolitics of Water: In the Middle East, Water Will Increasingly Become a Weapon and Driver of Conflict

Participants stand outside the pavilion of Oman as they attend day nine of the U.N. Climate Change Conference in Dubai, United Arab Emirates, on Dec. 9, 2023. 

The July terrorist attack in Oman will likely spark a regional security crackdown, despite the incident's limited political and economic consequences.

A Rare Terrorist Attack in Oman Portends a Regional Security Crackdown

Students from the American University of Beirut (AUB) rally in support of Palestinians outside the main gate of the university in the Lebanese capital on Oct. 9, 2023. 

Social Issues

Israel's likely ground invasion in Gaza will alienate many Muslims in the Middle East, pressuring their governments to respond in support of Palestinians.

Gauging the Regional Response to the Gaza Conflict

Iranian-made satellite carriers (left) and missiles (right) are displayed in front of the Holy Defense Museum in Tehran, Iran, on Sept. 20, 2020.

The integrated air and missile defense system laid out in the proposed DEFEND Act could entice Saudi Arabia to deepen normalization with Israel.

U.S. Lawmakers Unveil a Plan to Shield Middle East Allies From Iranian Aggression

High waves break on the seaside promenade in Muscat on Oct. 2, 2021, the day before Cyclone Shaheen officially made landfall in Oman. 

Security

Environmental Issues

The Arab Gulf country's long coastline makes it particularly vulnerable to the effects of warming sea temperatures, including more frequent tropical storms. 

Cyclone Shaheen Underscores Oman’s Need for Climate-Resilient Infrastructure

Snapshots

Naftali Bennett attends the first meeting of his new government on June 13, 2021, in Jerusalem.

Israel's Survival Strategy

A fresh peace process with the Palestinians could contribute to normalization with Gulf Arab states like Qatar, Saudi Arabia and Oman.

Greater Engagement With the Palestinians Could Win Israel More Normalization

Guidance

South Korea

Ukraine

Afghanistan

A military aircraft takes off from the airport in Kabul, Afghanistan, on Aug. 27, 2021.

U.S.-China Relations

South Asian Militancy

A look at what the coming week will bring -- and a list of recommended Stratfor articles from the week that was.

The Weekly Rundown: The Exit from Afghanistan and a U.S.-Ukraine Meeting

A picture taken on Sept. 15, 2020, shows the Omani national flag waving in Muscat.

Broken Contracts in the Middle East

Bringing Muscat’s fiscal house in order, however, will still require unpopular cuts to subsidies and public wages.

Amid Growing Debt, Oman Seeks IMF Technical Assistance

Hong Kong SAR, China

North Korea

India

Zhang Xiaoming (C), Executive Deputy Director of the Hong Kong and Macao Affairs Office of the State Council, at the end of a State Council press conference on Hong Kong electoral reform March 12, 2021, in Beijing.

The Nagorno-Karabakh Conflict

The Weekly Rundown: The Mainland Finalizes Hong Kong Reforms, Biden Reviews North Korea Policy

Nigeria

OPEC headquarters on April 4, 2013, in Vienna. OPEC+'s decision to maintain production levels will bolster the idea that oil markets are entering a supercycle, contributing to concerns about rising inflation.

OPEC+'s decision to maintain production levels will bolster the idea that oil markets are entering a supercycle, contributing to concerns about rising inflation.

OPEC+ Stays the Course, Driving up Oil Price, Inflation Expectations

Located at the extreme southeastern corner of the Arabian Peninsula, the Sultanate of Oman is a mix of cosmopolitan port cities, rugged mountains and a wide desert interior.    Divided by mountains and deserts from neighboring Saudi Arabia, Yemen and the United Arab Emirates, Omanis have integrated themselves with other Indian Ocean communities for much of their history. With few water resources and population centers isolated by topography, Oman's geography has fostered three distinct cores. The cosmopolitan economic elite of Muscat, the tribal groups in Salalah and the Ibadi religious core in Nizwa. Maintaining unity of these cores is Oman's primary geographic challenge.    Muscat, Oman's largest port and political and economic capital, is separated from the rest of the country by the Al Hajar Mountains.     The al Qamar Mountains surround Salalah, Oman's second largest city and a regional tourist destination. Dhofar's mountains and dense vegetation helped harbor members of a Marxist-inspired rebellion against Muscat's rule for much of the 1960-70s.    Oman's government revenues are dependent on oil and gas reserves that are located in the central desert region south of Nizwa. This region was once home to the Ibadi Imamate that clashed with the coastal-based Sultanate for centuries.    The Musandam Peninsula, northwest of Muscat, places the critical shipping lanes of the Strait of Hormuz within Oman's territorial waters. The British granted Oman control over the peninsula during their withdrawal from the region in the 1970s.    Positioned between Peninsular Sunni Arab and Shiite Iranian spheres of influence, Muscat has had to pursue a flexible foreign policy strategy to balance between the two regional powers. Oman has traditionally relied on the major naval power of the day — formerly the British, today the United States — to help maintain this balance and protect its sovereignty.

A Crude Recovery

Rebalancing Power in the Middle East

The Fight for Russia’s Borderlands

SITUATION REPORTS

Oman: Personal Income Tax Marks First in GCC

GCC, Israel: GCC Countries Condemn Israeli Attacks on Iran

Global: OPEC+ Approves Third Accelerated Production Hike, But Russia-Saudi Tensions May Rise

Asia-Pacific, MENA: ASEAN-GCC-China Inaugural Summit Marks Deeper Economic Alignment

Turkey, MENA, U.S.: Turkey Will Seek to Negotiate U.S. Tariffs

Global: Eight OPEC+ Members Agree To Phase Out Voluntary Production Cuts Starting in April

Oman: Rare Shooting Near Shiite Mosque in Muscat Signals Growing Terrorist Risks

MENA: Arab League Summit To Formalize Conditions for Gaza Reconstruction

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