AGP Executive Report
Last update: 7 hours agoStrait of Hormuz Security: A tanker off Oman near Limah was hit by an “unknown projectile,” sparking a fire on the port side; UKMTO said no casualties or environmental damage were reported and authorities are investigating. Missile Reports: US officials cited by Axios said Iran’s Revolutionary Guards fired at least two missiles at commercial ships, with significant damage but no casualties, raising the risk of renewed US action as talks remain stalled. NATO Diplomacy: NATO foreign ministers will meet Gulf Arab counterparts in Ankara to address the stalemate over reopening Hormuz, including a Franco-British proposal for a multinational maritime mission that Iran has dismissed. Oman Clean Energy Finance: United Solar Polysilicon completed $1.6bn funding for its Sohar polysilicon plant, with IFC’s $50m equity investment as the final tranche; the 100,000-tonne-per-year facility is ramping to full output by year-end. Critical Minerals Push: A Majan Council policy paper urges Oman to adopt a national critical minerals strategy to support solar, wind and green hydrogen, targeting $8bn–$12bn in value and ~4,000 jobs over the next decade. Mining Deal: Kazakhstan’s Solidcore Resources signed a JV with Minerals Development Oman to explore the Khabiyat copper-gold project, with Solidcore able to build up to a 60% stake.
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