AGP Executive Report
Last update: 9 hours agoStrait of Hormuz Security: Oman’s authorities helped rescue all 23 crew aboard the Malta-flagged tanker M/T Kavomaleas after it was hit by missiles off Kumzar, with no casualties reported and the fire contained. Regional Escalation: Iran and the US traded strikes again as Bahrain reported intercepted attacks and Iran claimed it stopped “non-compliant” tankers in the Hormuz area, while Houthis warned of a Red Sea blockade that could further disrupt shipping. Diplomacy Under Strain: Iran’s interior minister met mediators in Pakistan as efforts to salvage a collapsed interim US-Iran deal continued, with talk of a proposed 10-day ceasefire involving Omani, Qatari, Egyptian and Pakistani channels. Oman Domestic Oversight: Oman’s Consumer Protection Authority seized nearly 53,000 non-compliant tobacco products in Sur, South Al Sharqiyah, and said legal procedures were initiated. Energy & Business: Petrojet and ENPPI secured a six-year $6bn EPC framework with Petroleum Development Oman, positioning the consortium for future upstream projects.
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