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AGP Executive Report

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Oil Markets: Brent slipped back below $100 after topping it on Thursday, but the week’s gains stayed in focus as investors weighed Middle East chokepoints pressure from the Strait of Hormuz and the Red Sea. Shipping & Insurance: Reuters said reroutes around Africa are adding weeks and about $2.5m per tanker, while Middle East crude premiums jumped to multi-month highs as Asian refiners seek alternatives. US-Iran Escalation: Iran targeted US strongholds around the Gulf as the US carried out a 13th straight night of strikes; Trump again floated a “massive attack,” warning China and Russia not to arm Iran. Diplomacy Attempts: Oman sent talks to Tehran on managing Hormuz navigation, while Pakistan explored a China-backed path to restart US-Iran talks; Iran rejected any temporary ceasefire without Hormuz demands. Regional Fallout: Jordan’s Aqaba tourism and business sentiment took a hit, and Iraq’s Kurdistan Region reported gasoline shortages after new price caps. Energy Industry Signals: Baker Hughes reported US rig counts fell for the first time in six weeks, hinting at caution even as supply risks keep markets jumpy. Maritime Incident: A Mozambique-flagged LPG tanker with Indian crew was attacked in Iranian waters near Hormuz; crew were reported safe.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Jul. 23, 2026

Automotive energy recovery market seen hitting $93.5 billion by 2035

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Escalating Middle East tensions increase gas prices in Idaho

Escalating Middle East tensions increase gas prices in Idaho

Gold edges up as traders weigh Middle East conflict

Gold edges up as traders weigh Middle East conflict

Shor's crypto network and the company that owns the Cuciurgan Power Plant, on the list of the new EU sanctions package against…

Shor's crypto network and the company that owns the Cuciurgan Power Plant, on the list of the new EU sanctions package against…

Kenya calls for global action to end Middle East crisis amid Red Sea ship attacks

Kenya calls for global action to end Middle East crisis amid Red Sea ship attacks


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an hour ago

Treasury Further Dismantles Iranian Financier Zanjani’s Network

U.S. Department of the Treasury

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8 hours ago

Wang Yi Meets with Egyptian Foreign Minister Badr Abdelatty

Ministry of Foreign Affairs of the People's Republic of China

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14 hours ago

Gas Turbine Market to Reach USD 50.20 Billion by 2035, Growing at 3.80% CAGR

EIN Presswire

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Jul. 24, 2026

ASEAN-China Foreign Ministers’ Joint Statement on Addressing the Regional Impacts of Developments in the Middle East and Strengthening Regional Energy Cooperation

Ministry of Foreign Affairs of the People's Republic of China

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13 hours ago

Distributed Energy Resource Management System Market to Reach USD 7.04 Billion by 2035 at 16.5% CAGR.

EIN Presswire

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14 hours ago

Battery Energy Storage Systems Market Set for Robust 15.8% CAGR Amid Renewable Energy Integration

EIN Presswire

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