India’s Oman Bet Looks Timely As Hormuz Crisis Deepens

India's recently implemented Comprehensive Economic Partnership Agreement (CEPA) with Oman is proving timely amid the ongoing crisis in the Strait of Hormuz, a critical shipping lane. As tensions escalate with Iran, the agreement offers India an alternative trade route, ensuring smoother economic and energy flows. This pact, which came into effect just as the crisis deepened, eliminates customs duties and opens up new trade opportunities, underscoring its strategic importance in navigating global geopolitical challenges.