AGP Executive Report
Last update: 6 hours agoUS-Iran Clash at Hormuz: The US carried out fresh strikes near Bandar Abbas, saying it shot down four Iranian drones and hit a control site as a fifth drone was being readied; Iran’s IRGC retaliated by claiming it targeted a US airbase in Kuwait, while Kuwait said its air defenses intercepted missile and drone threats—raising fresh doubts about a fragile ceasefire and keeping Strait of Hormuz reopening talks in limbo. Sanctions and the “control” fight: Washington sanctioned Iran’s Persian Gulf Strait Authority, accusing it of monetizing and extorting maritime trade, as Trump reiterated no easing of sanctions and warned Oman against any role in a Hormuz toll or joint control plan. Frozen assets demand: Iran’s senior security official renewed the call for the “unconditional” release of all frozen Iranian assets, framing it as a legal right and a key sticking point in negotiations. Markets under pressure: Oil jumped back toward $98/bbl after the strikes, while Asian stocks slid and the dollar firmed; gold stayed volatile on inflation and rate outlook fears. Iran domestic pressure point: Iran partially restored internet access after nearly 90 days, but users reported slow, spotty service and continued restrictions.
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