Oman's Sultan Haitham bin Tariq Al Said has made his first visit to China since the two countries established diplomatic relations 48 years ago. This visit is significant as it coincides with rising concerns over transit fees in the strategically important Hormuz Strait. Analysts suggest that Oman is seeking China's cooperation in its diplomatic efforts with Iran regarding joint management and cost-sharing in the Strait.
According to Chinese state media, Sultan Haitham arrived in Beijing on November 1 for a two-day state visit. He is expected to hold talks with Chinese President Xi Jinping at the Great Hall of the People on November 2.
Upon his arrival at Beijing Capital International Airport, he was welcomed by Pan Gongsheng, the Governor of the People's Bank of China, a key economic official overseeing China's financial and monetary policies. Oman's delegation also included Ahmed bin Zafar Al-Musalmi, the Governor of the Central Bank of Oman. The participation of both central bank leaders suggests that expanding financial cooperation may be a major agenda item during the summit. Discussions could include Omani financial institutions' participation in the Cross-Border Interbank Payment System (CIPS) and the expansion of yuan payments.
At the heart of this visit is the geopolitical issue surrounding the Hormuz Strait. Oman has been discussing a new management framework for the Strait with Iran. According to Reuters, Oman proposed a plan to Iran in July that includes joint management of the Strait and voluntary cost-sharing among vessels. This plan aims to ensure navigational safety and environmental protection while preventing Iran from monopolizing control.
The management and transit fee issues in the Hormuz Strait are also central points in negotiations between the U.S. and Iran. Oman's proposal serves as a compromise to bridge the gap between the two nations' positions.
China plays a crucial role in this matter. As the world's largest oil importer, China has a direct interest in the stable passage through the Hormuz Strait. For Oman, securing China's support could enhance its negotiations with Iran and increase international acceptance of the new management framework. China, in turn, can maintain its relationship with Iran while ensuring the stability of maritime energy transport routes.
The composition of Oman's delegation further underscores this interpretation. It includes key figures such as Deputy Prime Minister for Defense Shihab bin Tariq, Foreign Minister Badr Albusaidi, Minister of Transport, Communications and Information Technology Said Al-Mawali, the head of the Oman Investment Authority, and the Central Bank Governor. This delegation features prominent officials from the fields of diplomacy, defense, shipping, finance, and investment.
Sun Degang, head of the Middle East Studies Center at Fudan University, told Global Times, "As the situation in the Middle East changes and tensions in the Gulf region escalate, Oman is seeking more active engagement from China. Oman hopes that China will play a larger role in promoting reconciliation and dialogue in the Middle East."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.