AGP Executive Report
Last update: 4 hours agoOil and Shipping: US strikes on Iran’s Qeshm Island sent Brent back toward $105 a barrel, reversing part of Monday’s 7% plunge on hopes of a deal. Any disruption around the Strait of Hormuz threatens a key energy route. Diplomacy: Qatar is mediating, but Tehran says a deal remains elusive and has tied reopening Hormuz to conditions including sanctions relief and recognition of its sovereignty over the strait. Business Costs: Lufthansa expects its 2026 fuel bill to reach €9.3 billion—€2 billion above last year—and trimmed its profit outlook as the conflict keeps energy costs high. Energy Profits: Saudi Aramco’s third-quarter net income rose 34% year on year to $36.25 billion, despite attacks and disruption to regional energy supplies.
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