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Oman is a country that finds itself surrounded by turmoil. To the southwest there is war in Yemen, to the north a fractious Gulf Cooperation Council (GCC) and to the east the question marks that hang over Iran’s relationship with the rest of the world. Domestically, the local economy is also being undermined by low oil prices.
There are opportunities as well as threats, however. The Qatar crisis in particular offers an opportunity for Oman to increase trade with Qatar, which is now forced to bypass its old trading partners in Saudi Arabia and the UAE. The nuclear deal with Iran also opens up the potential for more trade across the Gulf of Oman.
