AGP Executive Report
Last update: 6 hours agoBRICS & Iran’s Financial Pivot: Central Bank of Iran Governor Abdolnasser Hemmati says Iran will soon join the BRICS New Development Bank, as BRICS finance chiefs discuss linking payment systems and digital currencies to cut cross-border transfer costs. Hormuz as the Business Flashpoint: The US says it can keep a naval blockade on Iran “indefinitely” and is preparing “unprecedented” economic measures, while Iran insists the Strait of Hormuz stays blocked until its demands are met—fueling fresh oil-price volatility and raising shipping and insurance risks. UAE/ADNOC Shipping Hit: UAE and GCC officials condemned drone attacks on two ADNOC-linked tankers in Hormuz, calling them violations of UN rules and “piracy,” as vessel traffic drops to near standstill. Energy Costs at Home: Reports highlight how the war’s energy shock is showing up in budgets and transport costs, with US officials openly prioritizing cheaper gasoline for Americans. Iran’s Economic Strain: A poll suggests 83% of Iranians would emigrate if given the chance, amid inflation and near-zero oil export pressure. Markets & Risk Appetite: JPMorgan reportedly closed Polymarket’s bank account over regulatory concerns, underscoring tighter compliance pressure in financial innovation.
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