AGP Executive Report
Last update: 7 hours agoStrait of Hormuz Shock: Oil jumped after Trump reinstated a US blockade and floated a 20% “reimbursement” toll on cargo transiting the strait, reviving fears of supply disruption and pushing Brent toward $80. Market Spillover: Asia stocks wobbled as tech sold off and bond yields rose on the same Middle East-driven risk-off mood. India Inflation & Energy Costs: India’s retail inflation accelerated to 4.38% in June, with food and fuel pressures lifting rate-hike expectations—while trade data showed a 430% jump in the June trade deficit, driven by higher oil, gold and electronics imports. Clean Power Deals: Aditya Birla Renewables agreed to buy Shell’s India renewables unit Sprng Energy for about $1.8bn, adding ~5 GWp of contracted capacity. 24/7 Renewables Financing: Masdar reached financial close on a $6.1bn Abu Dhabi project combining 5.2GW solar with 19GWh storage. Hydrogen Mobility: PM Modi will launch India’s first hydrogen-powered train in Haryana on July 17. Regional Energy Security: Poland backed India’s diplomatic approach to West Asia while stressing freedom of navigation through Hormuz. LNG Contracting: PETRONAS signed a 7-year LNG SPA with Shizuoka Gas for 0.84 million tonnes starting in 2032.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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