Iran sought a trade breakthrough to finalize a preferential trade agreement with Oman

On 22 August, according to Al Jazeera, Iran finalized a preferential trade agreement with Oman. As United States economic pressure on Iran continues to increase, Tehran is seeking to reduce external shocks by expanding regional trade. The Head of the Office of the Islamic Trade Promotion Organization for Western Asia, Rabbi Hawi, stated that the agreement was expected to be submitted to Parliament next month. He added that Iran had made significant progress in improving its border and port infrastructure to expand trade with neighbouring countries. “through a series of measures adopted over the past two years, the Organization has resolved to promote and expand trade with regional countries.” Trump once called financial pressure against Iran “Economic D Day” and warned that any country trading with Tehran would face severe economic consequences。