AGP Executive Report
Last update: 8 hours agoStrait of Hormuz & Oil Markets: Shipping through the Strait of Hormuz fell sharply after Iran said it closed the waterway again, with only five vessels passing on Sunday versus 26 the day before, while the US said commercial traffic continued; the dispute kept crude prices volatile, then eased as Iran told mediators it secured waivers for oil and petrochemical exports after US-Iran talks in Switzerland. US-Iran Diplomacy: A roadmap toward a final deal within 60 days was agreed by the US and Iran with Pakistan and Qatar mediating, but lawmakers and energy experts warned Iran could gain leverage over the chokepoint. Kuwait Airport Recovery: Kuwait International Airport is operating again with flights running via Terminals 4 and 5, while Terminal 1 remains closed for repairs after earlier attack damage. Kuwait Real Estate: Kuwait saw 134 real estate contracts worth about KD 106m traded in the week of June 7–11, led by private property deals. Local Governance: Kuwait Municipality is tightening action on “bachelor” housing and launching a campaign to remove encroachments on state land until July 6. Business & Markets: Boutiqaat is reportedly preparing for a potential IPO as early as Q1 2027, and Kuwait Airways cut 2025 losses by 13.6% while improving revenues and passenger service metrics.
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