AGP Executive Report
Last update: 11 hours agoOil Supply Shock: Brent jumped above $107 after Saudi temporarily shut its East-West pipeline following drone attacks, with fears the outage could remove up to 4% of global supply and leave Yanbu stocks for only 5–7 days. Shipping Squeeze: Fresh incidents around the Strait of Hormuz and attacks tied to the Houthis and Iran-aligned forces added to worries, pushing markets to price in more disruption. Diplomacy Falters: Iran-Gulf talks on managing Hormuz shipping were postponed in Oman, underlining how energy fears are derailing de-escalation. Regional Coordination: The UAE held calls with Saudi and Iraq to contain escalation after the pipeline attacks, while Pakistan voiced “complete solidarity” with Riyadh. Israel-Palestine Flashpoint: Hundreds of illegal Israeli settlers stormed Al-Aqsa under tight access rules for Palestinians during the Jewish New Year. Turkic States Religious Outreach: OTS Muslim religious leaders met in Baku, focusing on cooperation and countering radicalism.
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