AGP Executive Report
Last update: 12 hours agoUS-Iran Energy & Shipping Watch: The US Treasury temporarily eased sanctions on Iranian oil for 60 days (until Aug 21), authorising production, delivery and sales after talks in Switzerland, while Vice President JD Vance said Iran agreed to allow UN nuclear inspectors and to keep the Strait of Hormuz open—though Iran’s side disputed nuclear details; the Strait’s main route remains mined, but traffic has resumed via smaller channels, a key signal for Gulf trade costs. Gulf Diplomacy: US Secretary of State Marco Rubio is set to visit the UAE, Kuwait and Bahrain (June 23–25) to secure Gulf backing for the Iran framework, focusing on safe transit through Hormuz and regional security. Bahrain Renewable Power: EWA received two bids for the 100MW BAJ Solar IPP under a 25-year BOO deal—Yellow Door Energy (BHD 11.398) and ACWA Power (BHD 15.440)—pushing Bahrain toward its 2035 renewables target. Regional Industry Safety: Bahrain expressed solidarity with Qatar after an incident at a factory in Ras Laffan Industrial City, stressing worker and resident safety and confidence in Qatari authorities. Engineering Milestone: Arab Architects marked 20 years in Bahrain, highlighting its ISO-certified engineering work across major local and regional projects.
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