AGP Executive Report
Last update: 7 hours agoKuwait Security & Airspace: Kuwait’s Defense Ministry said it intercepted 3 ballistic missiles, 1 cruise missile and 10 drones after an airspace breach, with one person injured by falling debris. Gulf Shipping & Energy Risk: With the US-Iran ceasefire effectively collapsing, Strait of Hormuz traffic fell sharply—only two oil tankers reportedly crossed in early hours Thursday and commercial transits dropped to about 13 vessels in 24 hours—pushing oil prices higher and raising supply fears. US-Iran Escalation: The US carried out strikes hitting about 90 Iranian targets along Iran’s coastline for a second day, while Iran retaliated by targeting US-linked bases in Kuwait, Bahrain and Qatar; mediators including Qatar and Pakistan urged de-escalation and renewed talks. Diplomacy in the Region: UAE President Sheikh Mohamed bin Zayed arrived in Kuwait for talks with the Emir amid renewed hostilities; meanwhile, India’s EAM S Jaishankar visited Kuwait and discussed the Gulf conflict’s impact on the India-Kuwait strategic partnership. Markets Watch: Nasdaq jumped as chip gains offset Middle East worries, while investors tracked ongoing technical talks and the next energy-market updates.
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