Iran and Oman have finalised a preferential trade agreement that Iran says is expected to be submitted to parliament next month. Tehran frames the pact as part of a push to expand regional trade to blunt rising US economic pressure and says it has upgraded border and port infrastructure to support higher cross‑border commerce. Former President Trump warned countries trading with Iran could face severe economic consequences, highlighting ongoing US sanctions risk.

2026-08-22

Iran and Oman have finalised a preferential trade agreement that Iran says is expected to be submitted to parliament next month. Tehran frames the pact as part of a push to expand regional trade to blunt rising US economic pressure and says it has upgraded border and port infrastructure to support higher cross‑border commerce. Former President Trump warned countries trading with Iran could face severe economic consequences, highlighting ongoing US sanctions risk.