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8 August 2026

How viable is the potential Iran-Oman Hormuz shipping deal?

Downunder Voices Newsroom

Source reporting: Deutsche Welle English

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How viable is the potential Iran-Oman Hormuz shipping deal?

Iran says a shipping accord with Oman is in its final stages, but analysts warn sanctions, security concerns and rival US-Iran goals could limit its impact.

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Why is transit in goods free but trade is not?Trade & Logistics

8 August 2026

Why is transit in goods free but trade is not?

In my previous two posts on the value of the WTO, I argued that when governments set trade policies independently, they focus on domestic effects but often overlook the costs imposed on trading partners. International trade agreements help governments take account of these cross-border spillovers (terms-of-trade externalities) by encouraging reciprocal negotiations over trade policy. While these negotiations will reduce trade protection, they will not necessarily lead to free trade. But if governments do not generally commit themselves to free trade, why has freedom of transit for goods been seen differently?

Source: World Trade OrganizationOriginal source

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