AGP Executive Report
Last update: 9 hours agoKuwait Security: Kuwait’s air defences intercepted hostile missiles and drones as the US and Iran traded fresh strikes, with the US saying it bombed Iranian radar/drone sites after Tehran shot down a US drone and Iran claiming it targeted US forces in Kuwait. Ceasefire Watch: Diplomacy stayed fragile as Trump said Iran talks are moving “at a rapid pace,” while Iran later said it was breaking off talks, amid Israel-Hezbollah escalation in Lebanon that could derail any Iran deal. Energy Impact: With Iran maintaining pressure on the Strait of Hormuz, oil and fuel prices stayed volatile and global shipping risks resurfaced, keeping markets jittery. KOC Contract: Kuwait Oil Company awarded the $385m Ahmadi Innovation Valley project to Schlumberger, aiming to build an advanced research and innovation hub for Kuwait’s oil and gas sector. Nuclear Cooperation: IAEA chief Rafael Grossi visited KISR to discuss Kuwait’s nuclear safety commitment and joint peaceful applications. Local Governance: Kuwait Municipal Council approved measures including accessibility monitoring, clearer rules for electronic ads, and a dedicated access plan for the Al-Khuwaisat freshwater project.
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