AGP Executive Report
Last update: 10 hours agoUS-Iran Ceasefire Text: The US and Iran published the full “Islamabad Memorandum of Understanding” after presidents digitally signed it, calling for an immediate and permanent halt to military operations, a 60-day push toward a final settlement, sanctions relief steps, reconstruction planning, and safe navigation through the Strait of Hormuz. Hormuz Shipping Reset: The MoU says the US will remove its naval blockade within 30 days and Iran will ensure fee-free commercial passage for 60 days, aiming to restart oil flows even as markets watch for delays and compliance. Oman Link in Navigation Talks: Iran said it is coordinating with Oman and others on managing Hormuz navigation, underscoring Oman’s role in keeping regional sea lanes workable. Maritime Tragedy Repatriation: In Oman waters, the Indian Embassy confirmed the repatriation of two sailors killed in the MT Settebello attack, while 21 rescued crew members returned safely. GCC Logistics Angle: Gulf Warehousing Company (GWC) announced an air-to-land logistics corridor using the TIR system, with Oman included in its cross-border network—an example of how regional supply chains are adapting to disruption risk.
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