AGP Executive Report
Last update: 8 hours agoSupply Risks: Brent climbed to about $117 a barrel, its highest in six months, as Houthi attacks heightened fears for Saudi oil infrastructure and shipping. The Houthis claimed strikes on Aramco facilities, refineries, airports and the East-West Pipeline; Saudi Arabia said it intercepted missiles, with debris falling near several cities. Hormuz Tensions: Iran reported another supertanker was hit near the Strait of Hormuz, after claiming two tankers struck mines. The incidents add to disruption risks on a vital oil route. Iran Conflict: President Trump said the US could strike Iran as soon as Sunday or reach a deal, keeping markets on edge. UAE Spill: An offshore oil leak has led Ras Al Khaimah, Umm Al Quwain and Sharjah to close beaches as authorities assess the environmental impact. Iraq Exports: Baghdad is pressing ahead with plans to buy oil tankers and expand fuel reserves to protect exports and revenues amid shipping disruptions.
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