AGP Executive Report
Last update: 7 hours agoOman CBDC Push: The Central Bank of Oman is preparing to appoint an international consultancy as an Independent Assessor for its Central Bank Digital Currency programme, with tender submissions due June 28 and support expected across feasibility, design, governance and implementation readiness. Hormuz Shipping Shock: The Strait of Hormuz remains heavily obstructed by about 80 naval mines, forcing tankers to use northern and southern alternative corridors while mine clearance is expected to take time. Deal Clock Starts, Talks Uncertain: US Vice President JD Vance said a 60-day countdown toward a permanent US-Iran agreement began after the MoU, but Switzerland later confirmed planned talks were postponed as logistics and implementation signals remain unclear. Energy Market Impact: With the US lifting its blockade and oil tankers resuming movement, oil prices slid further and markets cheered the reopening—though industry groups warn normalcy could take weeks. Oman Trade/Legal Spotlight: Saudi Fisheries Company won about SAR 1.6m against Oman-based Ocean Fish Company for breach of a fish supply contract, including damages and legal fees.
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