A significant development has been taking shape: the emergence of an Arab economic bloc with ambitions extending far beyond traditional resource-based cooperation.
Gaza and Lebanon dominated the 34th Arab League Summit as some top brass skipped attendance.
The fourth round of indirect negotiations between Iran and the United States regarding Tehran's nuclear programme has started in Muscat
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Oman stands apart in the Middle East for its consistent adherence to neutrality, a quality that has led observers to frequently describe the sultanate as the "Switzerland of the Middle East."
Russia is heavily invested in Iran's nuclear programme, including removing spent fuel as part of the original 2015 nuclear agreement.
Middle East stock markets continued to bleed losses at the start of trading on April 7, as the effects of US tariffs on numerous countries persist.
Threat to bomb Iran over its nuclear programme also on agenda.
The Arab League's Ahmed Aboul Gheit has hit out at Israeli strikes on Gaza on March 18 in a sign of collapsing relations between the two sides.