AGP Executive Report
Last update: 21 hours agoKuwait-US Security: An Iranian Fateh-110 ballistic missile strike hit Ali Al Salem Air Base in Kuwait after interception, injuring about five Americans and damaging or destroying MQ-9 Reaper drones, as Kuwait condemned the “flagrant” violation of sovereignty. Ceasefire Talks Under Strain: The attack landed amid ongoing US-Iran negotiations over a 60-day ceasefire extension and nuclear talks, with Washington saying Trump will make a “final determination” while Iran insists it will trust actions, not words. Hormuz Control Clash: Iran is moving to formalize its authority over Hormuz shipping routes, challenging US conditions tied to reopening the strait and removing mines/tolls. Energy Market Watch: Major oil firms warn of sharp crude price hikes as Hormuz risk tightens supply and inventories fall, while gold prices across the Gulf rose on safe-haven demand. Regional Finance Angle: Foreign exchange reserves in Pakistan rose to $22.65bn, including inflows from Gulf partners such as Kuwait, highlighting how regional support is reshaping trade and liquidity.
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