AGP Executive Report
Last update: 9 hours agoStrait of Hormuz Crisis: The U.S. and Iran traded fresh missile and drone strikes across the Gulf, with both sides again claiming control of the Strait of Hormuz after Iran hit a container ship off Oman and the U.S. retaliated by striking about 140 targets in Iran; Iran says the waterway is closed, while the U.S. insists commercial traffic can still pass. Bahrain on Alert: Bahrain reported sirens and said its air defences intercepted and destroyed several Iranian missiles and drones, as Iran’s IRGC claimed attacks on U.S.-linked bases in Juffair and Sheikh Isa. Energy Shock: Oil prices jumped more than 3% as shipping slowed sharply, with tanker traffic falling to a five-week low and fears growing that the renewed violence could disrupt global supplies. Diplomacy Under Strain: UN chief António Guterres warned of “catastrophic consequences” if fighting escalates, while Iran said the U.S. broke commitments under the MoU and talks with mediators continue. Regional Fallout: Kuwait and Jordan also reported missile interceptions and alerts, underscoring how the conflict is spreading beyond the strait.
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