AGP Executive Report
Last update: 12 hours agoHormuz Tensions: A tanker reported an explosion off Oman’s Khasab while transiting the Strait of Hormuz; its crew was safe and the vessel continued under its own power. A separate Gulf tanker attack killed a seafarer, underscoring the risks to shipping. Oman’s Diplomacy: Muscat and Tehran are seeking a maritime security arrangement and the resumption of unobstructed navigation as the conflict threatens a vital trade route. Iran Escalation: The US says it carried out limited strikes on air defences on Iran’s Qeshm Island; Tehran says it downed US drones there, near the strait. Economic Outlook: Oman is seeking to turn its relative resilience into lasting gains, with the IMF forecasting 4.1% growth this year. The sultanate is courting investment in ports, a financial centre and AI while expanding tourism.
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