Oman is a hereditary monarchy (sultanate) located on the Arabian Peninsula. Its economy combines traditional oil and gas revenues with growing diversification efforts into tourism, manufacturing, and logistics. The country's strategic location at the mouth of the Persian Gulf makes it an important trading hub. While petroleum still forms a significant portion of its economy, Oman has been actively developing other sectors such as tourism (capitalizing on its natural beauty and cultural heritage), fishing, agriculture, and shipping ports to reduce dependence on oil. The country is known for its political stability and moderate foreign policy in the region. A leading news media is the [[Oman Observer]]