Indian officials announce plans for a forthcoming trade agreement with Oman, aimed at enhancing ties amid escalating Middle East tensions. With bilateral trade currently below $13 billion annually, the deal holds strategic importance for India, granting access to critical trade routes via Oman, including the strategic Strait of Hormuz. The agreement, contingent on India’s upcoming election outcome, signals a shift towards bilateral deals with Gulf nations, given stalled negotiations with the GCC. Oman’s commitment includes waiving duties on Indian exports worth $3 billion annually, spanning various sectors, while India reciprocates by reducing duties on select Omani exports.