US-Iran Ceasefire MoU: The US and Iran signed a 14-point Memorandum of Understanding to end hostilities and reopen the Strait of Hormuz, with an immediate ceasefire, a 60-day negotiation track on nuclear and sanctions issues, and steps to lift the US naval blockade and restore maritime traffic. Oil & Shipping Impact: Markets are bracing for a surge of stranded crude as Hormuz traffic returns, though analysts warn flows may only recover partially and shipping safety remains a concern. Oman VAT Clarity: Oman’s Tax Authority clarified that VAT in oil & gas and government-related contracts must be calculated on the full invoice value first, then the 1.2% training/employment deduction is applied. OMIFCO Diversification: Oman India Fertiliser Company outlined plans to broaden beyond urea and ammonia into higher-value and lower-carbon chemical products as it advances its IPO. GWC Logistics Push: Gulf Warehousing Company expanded Doha’s air-to-land logistics corridor via a TIR-powered route to move time-sensitive cargo across GCC markets, including Oman. Muttrah Cable Car & Parking: Oman’s Muttrah cable car project nears completion, but the city’s parking and road access challenges are expected to intensify with rising tourism. India Seafarers Safety: PM Modi raised concerns about the safety of Indian seafarers with Trump at the G7, as maritime incidents keep spotlighting risks around Hormuz and the Gulf of Oman.