The Governor of the Central Bank of Iran visited Oman at the official invitation of Omani officials in order to discuss banking and trade issues.

The Islamic Republic of Iran is determined to expand and deepen its relations with Oman, he said, adding, “Given the latest developments happened in the international arena, suitable opportunities have been provided for the two countries in order to expand their relations.”

Despite the US maximum pressure policy exerted on the Islamic Republic of Iran, Oman has maintained its trade and banking ties with Iran, Hemmati added.

He pointed out that the US maximum pressure policy has already failed, and stressed the expansion of Iran-Oman trade ties more than ever.

Elsewhere in his remarks, Hemmati called for the activation of the private sector in Iran and Oman to improve the level and volume of trade between the two countries

Oman’s Minister of Industry and Trade, for his part, welcomed the suggestions of the head of Iran’s Central Bank and his accompanying delegation and stressed that Muscat makes efforts to establish and expand trade ties with Iran.

The two sides also discussed the ways to use the strategies and tools needed to expand trade and banking cooperation.

The Governor of the Central Bank of Iran met on Tuesday with the Minister of Foreign Affairs of Oman, Seyed Badr bin Hamad.

In a meeting held yesterday between the Omani FM Sayyid Badr bin Hamad bin Hamood AlBusaidi and CBI Governor Abdolnaser Hemmati, the development of economic and banking relations between the two countries was emphasized by both sides.

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“We are in touch with the US and Iran,” Yousef Bin Alawi was cited as saying on Sunday by the state-run Oman News Agency at the Munich Security Conference.

“We feel that there is a possibility of dialogue between them.”

Iran and Oman share age-old and close diplomatic, economic, and commercial ties.

Tensions have been running high between Tehran and Washington since 2018, when President Donald Trump unilaterally withdrew the US from the 2015 multilateral nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), and unleashed the “toughest ever” sanctions against the Islamic Republic.

Iran has ruled out talks with the US unless Washington returns to the nuclear deal and ends the sanctions.

Earlier this years. Iranian President Hassan Rouhani congratulated Haitham bin Tariq on assuming the throne as the new sultan of Oman, hoping for the development of ties between Tehran and Muscat.

Rouhani also wished health and success for the new sultan and prosperity for the “brotherly” nation of Oman in the south of Iran.

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