AGP Executive Report
Last update: 3 hours agoStrait of Hormuz Diplomacy Stalls: Oman said talks between Iran and Gulf states on a temporary shipping lane in the Strait of Hormuz were postponed “in the interests of consensus,” with no new date set, as Bahrain also ruled out participation. Energy Markets Jump: Oil prices surged again after Saudi Arabia shut its 1,200-km East-West pipeline following drone damage, while fresh attacks hit shipping in the Gulf; Brent climbed above $108 and Asia stocks slipped as rate-hike fears returned. Shipping Safety Under Pressure: A vessel was struck near the Strait of Hormuz, prompting evacuations and renewed warnings that the waters “aren’t safe,” while India condemned an attack on the MT El Gaia off Oman that left one Indian missing and 13 rescued. Oman Public Safety: Oman’s Food Safety and Quality Centre warned against buying or eating multiple toxic pufferfish species, saying toxins aren’t removed by cooking or freezing. Oman Business & Trade: Sohar International expanded in Asia with a Hong Kong office, and Oman’s inflation held at 3.4% in August.
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