On November 3, foreign media reported that Oman is capitalizing on opportunities arising from the Iran conflict to achieve billions of dollars in economic growth, positioning itself as one of the region's biggest beneficiaries. This nation of approximately 5.4 million people has largely been spared the severe impact of Iranian attacks, which have disrupted normal operations in multiple countries across the region. Oman is striving to convert its current advantages into long-term gains: Muscat, the capital, is drawing investors to participate in port construction, plans to establish an international financial center, and is actively positioning itself in the artificial intelligence sector. Luxury resorts and seaside clubs are also continuing to spring up along the coast. Steffen Hertog, a professor at the London School of Economics and Political Science, said Oman can provide a certain degree—though not entirely reliable—of security assurance, making heavy industry investment more attractive; however, there remain limitations on its potential to develop into a logistics hub after the war. Farouk Soussa, Goldman Sachs economist for the Middle East and North Africa, said that as long as the Iran conflict remains unresolved, shipping through the Strait of Hormuz is disrupted, and the risk of escalation persists, Oman's economy may outperform other Gulf Cooperation Council member states in the short term.
