AGP Executive Report
Last update: 9 hours agoUS-Iran Escalation: The US launched its eighth straight night of strikes on Iran, targeting Revolutionary Guard coastal surveillance, air defenses, maritime capabilities and missile/drone storage after two US troops were killed in Jordan; Iran retaliated by hitting power and desalination infrastructure in Kuwait and warning of “unforgettable lessons,” while Kuwait and Bahrain activated air defenses. Energy & Trade Shock: Oil jumped on renewed hostilities as Strait of Hormuz traffic stayed disrupted; reports say 10,000 people in Iran faced water shortages after a desalination plant was hit, and Kuwait Petroleum said facilities were damaged. Regional Spillover: Iran widened attacks into Iraq’s Kurdistan, with a drone strike wounding Kurdish rebels, while the conflict also threatens shipping routes and regional business activity. Iran Business Moves: Iran says it will unveil its first homegrown container reach stacker by year-end to cut port equipment import dependence. Afghanistan-India Trade: Afghanistan urged easier business visas and fewer hurdles with India, leaning on Chabahar as Pakistan transit trade fell to $367m. Market Sentiment: Online prediction bets tied to the US-Iran ceasefire collapse drew White House concern over possible insider leaks.
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