AGP Executive Report
Last update: 10 hours agoUS-Iran Talks Stumble: Iran says it will not meet U.S. envoys in Doha and wants ceasefire terms settled first, while Kushner and Witkoff arrive for mediator-led talks—keeping Strait of Hormuz reopening and nuclear issues in limbo. Oil Market Mood: Crude edges up as traders weigh patchy Hormuz flows and the risk of renewed disruption, with Brent around $73 and WTI near $70. MoU Conditions: Iran’s parliament speaker says a final deal won’t move forward unless key MoU paragraphs—ceasefire enforcement, Hormuz reopening, waivers, and frozen-asset releases—are implemented. Energy Bills Pressure (UK): Ofgem’s price cap rises 13%, and millions of households are urged to submit smart meter readings to avoid higher charges. India Supply Buffer: India plans a 30-day LPG storage buffer after the Hormuz risk shock. Oman Power Build: Siemens Energy lands tech and 20-year services for Oman’s 2.6 GW Misfah and Duqm gas power projects.
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