AGP Executive Report
Last update: 8 hours agoIsrael-Lebanon Ceasefire Talks: Israel and Lebanon agreed to implement a conditional ceasefire and set up “pilot zones” under exclusive Lebanese Army control, with Hezbollah required to stop firing and withdraw from south of the Litani River—though Israel says strikes could continue if Hezbollah doesn’t comply. US-Iran War Powers: The US House passed a rare bipartisan war powers resolution aimed at curbing President Trump’s Iran military actions, underscoring growing congressional unease as talks remain stalled. Ceasefire Fragility: Iran’s Supreme Leader Mojtaba Khamenei warned against divisions after battlefield defeat, while Trump said an Iran deal could come “within days,” as Iran’s foreign minister insisted there was “no tangible progress.” Aviation Hit: IATA reported global passenger demand fell 3.4% in April, driven by a 46.6% drop for Middle East carriers, as jet fuel costs surged. Energy Shock Spillover: Oil prices stayed near $100 amid Strait of Hormuz worries, while World Bank said global food prices hit the highest since Jan 2024, linked to Hormuz disruption. Regional Economy & Markets: New Zealand’s NZX50 slid on Middle East tension jitters; Indonesia’s rupiah plunged to a record low near IDR18,000 per dollar. Business Moves: KEPCO won a Saudi Jafurah power contract; Algeria’s ADC plans green hydrogen and brine-use studies.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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