Iran war: Oman unveils Muscat Peace Plan

New Delhi: Oman, India's oldest strategic partner in the Gulf and a key player in ensuring stability in the Strait of Hormuz, has launched the Muscat Plan, a peace initiative tabled at the United Nations to prevent conflicts amid concerns over the economic fallout from the Iran war.The initiative aims to prevent conflict, counter hate speech and promote dialogue-based approaches to peacebuilding. It reflects Oman's long-standing commitment to peace, coexistence and mutual understanding through dialogue and international cooperation, a senior Omani official said.The plan is expected to deepen cooperation between Oman and international organisations working on conflict prevention, mediation and social development. Oman had been mediating between the US and Iran before Washington launched strikes on Tehran on February 28, triggering a conflict that disrupted energy supply chains. Over the years, the Gulf state has pursued quiet diplomacy to help defuse tensions across West Asia.Also read | External shocks expose India's slide into middle-income stagnationThe India-Oman Comprehensive Economic Partnership Agreement came into force on June 1, creating significant opportunities for Indian businesses in the region. Last week, Oman played a key role in assisting Indians whose vessels came under attack by the US. Omani ports also helped Indian traders after tensions escalated in the Strait of Hormuz.Also read | Kiran Mazumdar-Shaw eyes crown of world’s top insulin supplier for BioconThe Muscat Plan seeks to advance preventive approaches to peacebuilding by empowering communities, religious leaders and civil society organisations to address tensions before they escalate into conflict.

from Economic Times https://ift.tt/MmCSv4V