AGP Executive Report
Last update: 4 hours agoHormuz Crisis: Iran says it controls the Strait of Hormuz and will keep it closed until Washington accepts its terms; the waterway normally carries about a fifth of global oil. Tehran also reports tanker fires after vessels struck mines, while an Iranian lawmaker threatened Saudi oil and power infrastructure if countries support new strikes. Oil Markets: Brent settled near $98 a barrel Friday after a sharp weekly slide on hopes for diplomacy, but renewed strike fears lifted prices at week’s end. Regional Supply: Iraq says oil output has exceeded 5 million barrels a day. Dana Gas reported higher profits as Kurdistan production surged, and Egypt announced a Mediterranean gas discovery estimated at 200 billion cubic feet. New Exploration: Pakistan and Türkiye are reviving offshore oil and gas exploration, with a Turkish seismic vessel due to arrive in Karachi this month.
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.
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