AGP Executive Report
Last update: 7 hours agoStrait of Hormuz Tensions: The US carried out fresh strikes near Iran’s Bandar Abbas after shooting down four Iranian one-way drones, while Iran’s IRGC said it retaliated by targeting a US airbase in the same area—raising fresh doubts about a fragile ceasefire and pushing oil prices back up. Oman Under Threat: At a White House Cabinet meeting, President Donald Trump warned Oman not to cooperate with any Iran-linked plan that would share control of Hormuz, saying the strait must stay open to everyone and threatening military action if Muscat “doesn’t behave.” Sanctions Pressure: Washington also imposed new sanctions on Iran’s Persian Gulf Strait Authority, aiming to block toll-related revenue tied to Hormuz passage. Diplomacy in Limbo: The White House dismissed an Iranian state TV report about a draft US-Iran framework as “complete fabrication,” even as both sides trade conflicting claims about possible shipping restoration. Regional Impact: The ILO warned the wider Middle East crisis is starting to hit jobs, incomes and working conditions globally through energy costs, transport disruption and weaker tourism.
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