AGP Executive Report
Last update: 2 hours agoTrade and Sanctions: The US has widened its pressure on Iran beyond the sea, setting up a 20-person task force to disrupt weapons and sanctioned goods moving across land borders and the Caspian. CENTCOM says its naval blockade has halted more than $25 billion in Iranian crude exports. US forces also struck and disabled a cargo ship in the Gulf of Oman, saying it had left an Iranian port despite repeated warnings. Household Economy: An Iranian parliament committee chair said about 8 million people face absolute poverty and malnutrition, while up to 50 million struggle to afford essentials. Energy and Shipping: With Hormuz tensions pushing up freight costs, Indian Oil plans to buy crude and LPG carriers to strengthen its supply chain; LPG spot rates have climbed to $160–$180 per tonne from about $40. Agriculture: Iran’s pistachio harvest is forecast at roughly 120,000 tonnes, about half the usual crop, as heat, drought and conflict weigh on production and exports to China.
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