AGP Executive Report
Last update: 9 hours agoStrait of Hormuz Flashpoint: Iran’s IRGC says it destroyed a U.S. Saildrone Explorer near the strait, following the capture of a U.S. underwater drone, as shipping risks keep rising and energy markets react. Oil & Markets: Brent jumped back above $107-$108 a barrel after Saudi shut a key East-West pipeline used to bypass Hormuz, while a planned Iran-GCC diplomatic meeting in Oman was postponed over lack of consensus. Bahrain in the Middle: Bahrain said it will not attend the Oman Hormuz talks, citing the wider disruption; Bahrain also pushed for stronger international cooperation to protect maritime routes at the BRICS summit. Trade & Industry: Bahrain reported June national-origin exports of BD259m, with aluminium, iron and steel making up 77% of exports. Finance & Fintech: Thunes expanded cross-border payouts to Bahrain and five other Middle East markets. Environment & Compliance: Bahrain cut HCFC consumption by 74% vs baseline by 2025 and is on track for an import ban by 2030. Business & Policy: TRA highlighted its participation in ITU meetings on ICT indicators and data-driven digital regulation.
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