U.S.-Israel Military Operations Impact Omani Frankincense Imports Amid Iran Conflict
The ongoing U.S.-Israel military operations against Iran have significantly impacted the import of Omani frankincense into the United States. The conflict has led to threats of closing the Strait of Hormuz, a critical passage for global trade, and has increased war-risk surcharges, thereby escalating regional logistics costs. Frankincense, an aromatic resin used in health supplements, anti-aging creams, and perfumes, is primarily exported from Oman, Yemen, and the Horn of Africa. The current military tensions have disrupted these exports, similar to the blockade faced by oil tankers in the Middle East. The Institute for Supply Management highlighted these challenges in a recent report, noting the unintended consequences of the conflict on global supply chains. 
