AGP Executive Report
Last update: 9 hours agoStrait of Hormuz Update: Iran says it is finalising an Oman deal for a temporary “safe route” through Hormuz, likely to be registered with the IMO, while also warning it will announce a new exclusion/restricted zone and sanctions for ships that don’t coordinate—keeping markets on edge as US-Iran tit-for-tat strikes continue. Oil & Markets: Brent stayed near $97–$98 a barrel on Labor Day holiday conditions, with analysts (including Goldman/Rystad) flagging potential upside if the conflict drags on; shipping traffic through Hormuz has fallen to the lowest levels since May, adding supply-risk pricing. Oman Trade Data: Oman’s merchandise trade surplus hit about 4.7bn rials by end-June 2026, up 51% year-on-year, driven by higher oil and gas exports. EV Policy: Oman set EV charging fees from Oct 1 at 50–120 baisa per kWh depending on charger capacity, alongside a national charging platform. Maritime Incident: Oman Navy rescued 16 crew from a Saudi oil tanker attacked in the Strait of Hormuz, after two sailors died.
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