AGP Executive Report
Last update: 5 hours agoHormuz and Oil: Tehran says it could reopen the Strait of Hormuz within two days if Washington accepts its conditions, including lifting the blockade of Iranian ports. Talks through Qatari mediators continue without a breakthrough. Hopes for diplomacy sent oil prices down nearly 4% on Monday, to about $108 a barrel, easing pressure on energy markets. Iran’s Economy: First Vice President Mohammad Reza Aref warned of possible winter gas shortages and urged households to conserve. Separately, a U.S. report said the rial has lost about a quarter of its value since August and inflation reached 90% last month, as sanctions and wartime disruption squeeze trade. Oil Trade: U.S. investigators say at least nine small tankers have evaded the naval blockade; one allegedly carried Iranian liquefied petroleum gas via Malaysia to China.
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