AGP Executive Report
Last update: 6 hours agoOil Shock: Brent crude surged 2.4% to $117.64 a barrel, its highest close since April, as tanker attacks in the Strait of Hormuz and strikes on Saudi energy sites heightened fears of supply disruption. Iran says four tankers caught fire after hitting mines; the claims have not been independently verified. UAE Spill: Authorities say the leak from tanker GEM NO. 2 has stopped and no new oil is detected, but monitoring and coastal cleanup continue as the slick remains near Umm Al Quwain. Nuclear Power: Bangladesh’s Rooppur plant has reached criticality, a key step toward generation; officials expect its first 2,400-megawatt unit to begin supplying the grid in November. Ukraine: Russia has damaged more than 800 Ukrainian energy assets since September, according to Ukrainian officials, while strikes on energy facilities continue. Renewables: UAE developer Masdar is exploring up to NZ$1 billion in solar, wind and battery investments in New Zealand.
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