AGP Executive Report
Last update: 11 hours agoUS-Iran Escalation Over Hormuz: The U.S. carried out fresh waves of strikes on dozens of Iranian military sites, saying the goal is to degrade Iran’s ability to threaten shipping in the Strait of Hormuz, while Iran and its Revolutionary Guards retaliated across the Gulf, with Bahrain, Jordan and Kuwait reporting missile interceptions and attacks. Strait of Hormuz Standoff: Both sides traded claims over whether the waterway is open or closed, as Iran said it would stop honoring a June memorandum unless the U.S. meets its commitments, and Washington pressed Tehran to issue a public statement that traffic can transit safely. Regional Spillover: Yemen’s internationally recognized government said it struck Sanaa airport after a dispute over an Iranian plane carrying a Houthi delegation, while Iran also said it was continuing talks with mediators from Qatar, Pakistan and Oman to prevent further escalation. UK Sanctions: The UK proscribed Iran’s IRGC and an Iran-backed proxy group tied to attacks on Jewish sites. Markets Hit: Oil jumped on renewed fighting, while investors reacted with risk-off moves in equities and tech. Turkey Crackdown: Ahead of the July 15 coup anniversary, Turkey ordered nearly 1,000 arrests tied to FETÖ.
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