Oman, UK, France Ensure Safety of Gulf Territorial Waters in 2026

Oman has agreed to coordinate with the U.K. and France to ensure the safety of its territorial waters, particularly for navigation through the Strait of Hormuz. This follows an increase in oil shipments after a recent U.S.-Iran agreement aimed at reopening this vital sea lane. The U.K. and France plan to deploy military resources, including mine-hunting ships and frigates, to support this mission. Approximately 20% of the world's oil passes through this strait, highlighting its importance for global trade and potential market impacts.