India and Oman launch free trade agreement leveraging Omani ports
Business
India and Oman's Free Trade Agreement officially kicked off on June 1, and it couldn't have come at a better time.
With shipping routes in the Gulf facing disruptions, India is leaning on Oman's ports, located outside the troubled Strait of Hormuz, to keep essential imports like energy and industrial goods flowing smoothly.
Indian imports from Oman surge 246%
Indian imports from Oman shot up by over 246% in May 2026, compared with April 2025.
Oman now offers zero-duty access on almost all products, which is great news for Indian exports like petroleum, steel, and machinery.
The partnership also helps secure steady supplies of crude oil and natural gas, making Oman a key player in keeping India's energy needs covered during uncertain times.