AGP Executive Report
Last update: 3 hours agoStrait of Hormuz Shock: Oil jumped again after the US resumed a naval blockade and floated a 20% toll on ships, pushing Brent to the mid-$80s and dragging Asia sentiment; India is especially exposed as Hormuz disruptions hit LNG flows, with a potential gas curtailment of up to 1.5 mt/month and knock-ons for fertiliser and power. Market Pulse: India’s Sensex fell 561 points and the rupee slipped past 96/USD as crude rallied on West Asia flare-ups. Energy Security Deals: India and Australia finalised the administrative arrangement for long-term uranium exports under their civil nuclear pact, strengthening fuel security for India’s nuclear expansion. Power & Industry: China installed the reactor pressure vessel at Lufeng unit 1, marking progress on main nuclear island equipment. Clean Tech & Storage: Offgrid Energy Labs opened its first UK ZincGel battery plant in Hook, aiming to cut reliance on critical minerals. EV & Supply Chains: BYD launched a new overseas-first model priced about 3x higher than in China, reflecting tariff and localisation costs; China also halted helium exports, raising risks for global chip supply chains. Regional Cooperation: Singapore and Malaysia reaffirmed deeper energy and renewable cooperation amid Middle East uncertainty.
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