Iran is pushing for greater control over maritime movements in the Strait of Hormuz, proposing a joint monitoring arrangement with Oman. Deputy Foreign Minister Kazem Gharibabadi stated that Iran may take unilateral measures to ensure stability in the strait if no agreement is reached with Oman, as shipping activity, particularly supertanker traffic, continues to rise. This development underscores growing regional concerns about security and access in one of the world’s most critical energy chokepoints.
Meanwhile, Dubai’s financial markets are nearing a strong quarterly performance, driven by a recovery in technology stocks that has fueled broader market gains. Despite ongoing weakness in the Japanese yen, which remains near a 40-year low, regional indices show resilience. The momentum reflects shifting dynamics in global markets, with investors responding to evolving economic conditions and renewed confidence in tech-driven growth.