AGP Executive Report
Last update: an hour agoUS-Iran Tensions and Hormuz Shock: Iran announced a full closure of the Strait of Hormuz on June 11, warning of major disruption to a chokepoint carrying about 20% of global oil flows, as retaliatory strikes hit US-linked sites in Kuwait, Bahrain and Jordan and shipping firms begin halting operations amid rising insurance costs. Diplomacy for a Deal: At the same time, officials say a preliminary US-Iran memorandum of understanding is nearing finalization, with Pakistan’s mediation cited and talk of reopening Hormuz and ending the US naval blockade, though both sides stress the process is not fully “at the finish line yet.” Jordan-Iraq Security Link: Jordan’s Prime Minister told Iraq’s parliamentary speaker that Iraq’s security is a pillar of Jordan’s own security, highlighting Amman’s concern over armed non-state groups operating from Iraqi territory and the need for tighter border and airspace coordination. Jordan’s Resources Debate: An energy expert argued Jordan has large gas, oil-shale and mineral potential, but says weakened exploration institutions and investment gaps have held back development. Regional Messaging: Qatar’s foreign minister and Jordan’s Ayman Safadi discussed bilateral ties and mediation efforts, expressing satisfaction with progress toward a US-Iran agreement.
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