AGP Executive Report
Last update: 10 hours agoMiddle East Energy Shock: Oil prices pushed higher again as US-Iran attacks and Iran’s expanded “prohibited zone” around the Strait of Hormuz stoked fresh supply fears, with Brent back above $100 and shipping disruptions keeping pressure on global fuel costs. Shipping Risk to Oman: Two vessels were hit near Oman’s Khasab, while UKMTO reported disabling fire incidents in the Gulf of Oman—raising the stakes for maritime safety and insurance. Oman Shipping Deals: Asyad Shipping ordered two more MR product tankers from Hyundai Heavy Industries in a $103.6m deal, and also signed long-term hydrogen offtake moves—signalling continued investment despite regional volatility. Oman Upstream & Mining: Oman ratified a new 50:50 Omani-Turkish EPSA for offshore Block 80 near Musandam, and signed mining agreements worth about $15.4m for two concession areas. Statistics & AI: Oman’s Central Statistical Bureau urged wider use of AI and modern data sources, including a plan to use AI in the Household Income and Expenditure Survey. Agriculture & Dates: Oman hosted the second meeting of the Executive Body of the International Dates Council, focusing on standards and financial sustainability for the sector. Business & Finance Links: Sohar International opened an Asia Pacific office in Hong Kong, strengthening Oman-Asia financial connectivity.
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