AGP Executive Report
Last update: 9 hours agoOil Shock: Brent rose 0.5% in early Tuesday trading after reports of a US strike on Iran’s Qeshm Island, following a 7.6% plunge Monday on hopes of renewed peace talks. Attacks near the Strait of Hormuz keep supply risks in focus. Gulf Energy: The UAE says oil exports have at times topped prewar levels and plans to protect infrastructure and build new export routes. Clean Power: India says it has reached 300 GW of non-fossil capacity and is targeting 500 GW by 2030, with new investment urged in storage and green hydrogen. Australia’s Waroona solar-and-storage project also secured a AU$280 million debt facility. Gas Security: European gas prices fell more than 10% on diplomacy hopes, but EU storage is 74.6% full and Germany’s is just 61%. A reported US push to restore Russian gas flows through Ukraine faces resistance in Europe.
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