As American and Israeli strikes on Iran triggered retaliatory missile and drone attacks across the region, two nations on the periphery — Pakistan and Oman — chose the telephone over the arsenal. Pakistan's Prime Minister Shehbaz Sharif reached out to Oman's Sultan Haitham bin Tariq, invoking Oman's long tradition of quiet mediation and calling for an urgent return to diplomacy before the cycle of strike and counterstrike becomes something no one can contain. In moments like these, history reminds us that the most consequential conversations often happen not between those firing the weapons, b
Daily Excelsior
· Mar 02, 2026
· security
· 1 min read
High
Sourcing: Verified
Pakistan, Oman urge diplomatic path to prevent Middle East escalation
US-Israel strikes on Iranian targets caused damage and civilian casualties; exact numbers not specified in report.
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War & Conflict
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Bias & Framing
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Geopolitical Impact
🌎
Pakistan and Oman advocate diplomatic intervention to de-escalate US-Israel-Iran tensions and prevent regional conflict expansion.
Escalation Risk
high
Confidence
HIGH
Iran
Israel
United States
Pakistan
Oman
Middle East
Persian Gulf
Pakistan and Oman position themselves as neutral mediators leveraging diplomatic influence. Oman historically serves as a backchannel for regional dialogue. Pakistan's involvement signals South Asian concern about Middle East instability affecting regional security and energy supplies. This reflects efforts by non-aligned nations to counter escalatory dynamics driven by US-Israel military actions.
Similar to 1973 Yom Kippur War aftermath when non-aligned nations brokered ceasefires; Oman's mediation role echoes its 2015 role facilitating Iran nuclear talks (JCPOA negotiations).
Economic Lens
📈
Pakistan and Oman advocate diplomatic intervention to prevent Middle East escalation following US-Israel strikes on Iran and Iranian retaliation, raising geopolitical risks affecting energy markets and regional trade.
Market Signal
bearish
Confidence
MED
Energy/Oil & Gas
Defense & Aerospace
Shipping & Logistics
Financial Services
Tourism
Insurance
Potential increase in oil prices affecting fuel and energy costs for households; higher insurance premiums; disrupted supply chains increasing consumer goods prices; reduced travel to Middle East region; currency volatility in Pakistan and regional economies.
Governments may increase military spending and defense budgets; central banks could intervene in currency markets; potential sanctions or trade restrictions; increased diplomatic efforts through UN and regional organizations; possible energy price controls or subsidies in vulnerable economies.