AGP Executive Report
Last update: 8 hours agoMiddle East Energy Shock: Fresh US “defensive” strikes on Iran near the Strait of Hormuz were followed by Iran’s Revolutionary Guard saying it targeted a US airbase in Kuwait, as Trump insisted Iran is “negotiating on fumes” and warned he may “finish the job.” Markets & Costs: The renewed fighting has again roiled oil expectations and global risk sentiment, with oil moving sharply and traders watching whether any interim framework can reopen Hormuz shipping. Lebanon Security Pressure: Israel widened evacuation orders in southern Lebanon, calling areas “combat zones,” while strikes continue to hit cities including Tyre and Nabatieh—raising fears for civilians and local economic activity. Lebanon Trade & Mobility: A long-delayed Jounieh–Cyprus ferry link is set to start in June (Cedar Waves), a potential boost for travel and cross-Mediterranean commerce. Labour Impact: The ILO warns the Middle East crisis is spreading into jobs and incomes worldwide via energy, transport, tourism and remittances.
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