AGP Executive Report
Last update: an hour agoGulf Security Shock: Kuwait condemned Iran’s “aggressive assault” on Kuwait Oil Company border and offshore assets, and also denounced renewed attacks on Kuwait’s Consulate General in Basra, urging Iraq to act under Vienna Convention obligations. Hormuz Escalation: The US reinstated its Iran shipping blockade and says it will charge a 20% fee for cargo transiting the Strait of Hormuz, calling itself the “Guardian,” while Iran insists the strait is closed and warns against any US interference. Retaliation in the Region: Iran’s IRGC and army said they struck US bases in Kuwait (Arifjan, Ali al-Salem) and Bahrain (Juffair, Sheikh Isa) after US strikes, as both sides traded missile and drone attacks and shipping traffic reportedly slowed. Local Focus—Drugs: Kuwait’s Social Affairs minister pushed a nationwide push to fight drug abuse through prevention and awareness, urging families to support children without stigma. Business & Training: talabat Kuwait welcomed KGCA as an official training partner for the talabat grow bootcamp, targeting restaurant performance and operations. Energy & Markets: Oil jumped on renewed Hormuz fears, with Brent pushing above $80 as investors priced in supply disruption risk.
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