Iran seeks trade breakthrough and finalizes preferential trade agreement with Oman

On August 22, according to Al Jazeera, Iran had finalized a preferential trade agreement with Oman. As U.S. economic pressure on Iran continues to mount, Tehran is seeking to reduce external shocks by expanding regional trade. Rabbi Harvey, head of the West Asia office of the Iranian Trade Promotion Organization, said the agreement is expected to be submitted to Parliament for review next month. He added that Iran had made significant progress in improving border and port infrastructure to expand trade with neighboring countries. "Through a series of measures taken in the past two years, the organization has made up its mind to promote and expand trade with countries in the region." Trump has called the financial pressure campaign against Iran an "economic D-Day" and warned that any country trading with Tehran will face severe economic consequences.