AGP Executive Report
Last update: 6 hours agoHormuz Deal Rebuffed: US President Donald Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz and end fighting, saying he’s “rejecting their deal” and hinting bombing could resume after November midterms, as Iran insists the strait reopening depends on lifting the blockade and sanctions. Aviation Fallout: Iran said flights to Turkey, China and other destinations are continuing despite US-linked airline restrictions, while Iran’s Supreme National Security Council denied plans for military retaliation; meanwhile Iraq is holding talks with Washington for airport exemptions after Najaf suspended Iran flights. Regional Shipping Workarounds: Syria began trucking imported gasoline from Baniyas Refinery into Iraq, adding a road leg as Hormuz disruption reshapes fuel flows. Maritime Security: An Iraqi tribe said it recovered a hijacked ship from Somali pirates after a gun battle at sea. Air Cargo Watch: Global air cargo tonnages rebounded in mid-September, but Middle East volumes fell year-on-year and capacity/rates remain under pressure. Oman Logistics Boost: S&P raised Oman’s growth forecast to 3.5% citing favourable trade logistics and energy export routes that don’t rely on Hormuz. Counter-Narcotics: Pakistan Navy seized over 2,800kg of narcotics worth about $750m in the Arabian Sea.
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