AGP Executive Report
Last update: an hour agoStrait of Hormuz Talks in Muscat: Iran’s President Masoud Pezeshkian says foreign ministers from Arab states will meet in Oman on Monday to sign a joint Iran-Oman shipping route and submit it to the IMO, as Tehran links any reopening to an end of the US naval blockade and attacks. Shipping Security Tightened: The US has narrowed tanker protection in the Strait to two recommended daily transit windows, after attacks intensified, leaving traffic far below pre-war levels. Energy Shock Spreads: Saudi Arabia shut its East-West oil pipeline after drone attacks launched from Iraq, while Houthis expanded control along Yemen’s Red Sea coastline, raising fresh risks for Bab el-Mandeb and global shipping. Oman Trade Push: Oman will take 16 Omani companies to WorldFood Moscow 2026 (Sept 15-18) to boost non-oil exports, especially food and halal products. Market Watch (MSX): Muscat Stock Exchange extended gains for a seventh week; total market cap rose to OMR 39.44bn. Shipping Contracts: Asyad Shipping awarded $104m tanker contracts to Hyundai Heavy for two new MR product tankers, with delivery in 2029.
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