Iran and Oman finalized a preferential trade agreement to address United States economic sanctions

ACCORDING TO AL JAZEERA, IRAN AND OMAN HAVE FINALIZED A PREFERENTIAL TRADE AGREEMENT AIMED AT RESPONDING TO UNITED STATES ECONOMIC SANCTIONS. 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. IRAN HAS MADE PROGRESS IN IMPROVING ITS BORDER AND PORT INFRASTRUCTURE IN ORDER TO EXPAND TRADE WITH NEIGHBOURING COUNTRIES. TRUMP HAD DESCRIBED FINANCIAL PRESSURE AGAINST IRAN AS ECONOMIC D DAY AND WARNED THAT ANY COUNTRY TRADING WITH TEHRAN WOULD FACE SEVERE ECONOMIC CONSEQUENCES。