AGP Executive Report
Last update: 31 minutes agoEnergy & Trade Shock Watch: UNCTAD says reopening the Strait of Hormuz may ease oil prices fast, but food, transport and household costs will lag as disrupted supply chains reset—61 vulnerable economies face oil and cereal import shocks, with fertiliser and fuel costs still feeding into agriculture. Yemen Energy Investment: Yemen’s Presidential Leadership Council chief Rashad Al-Alimi met US Hunt Oil to discuss resuming exploration, production and export work, plus reforms to improve transparency and guarantees for foreign firms. Shipping Costs Spike: Global freight rates hit the highest level since the Red Sea blockade, with China-to-US East Coast container costs jumping 62% month-on-month, driven by importers pulling shipments forward ahead of new US tariffs. Standards & Quality in Yemen: Yemen’s Standardization authority ran inspections in Hajjah covering cement, animal feed and drinking-water stations, collecting samples and urging public reporting via a hotline. Fisheries Sector Upgrades: In Al-Hodeidah, the Fisheries Authority chairman inspected maintenance at its headquarters and progress on a new quality laboratory funded through local financing. Medicinal Honey Push: Sana’a hosted preparations for Yemen’s First Medicinal Honey Scientific Conference, aiming to link research, regulation and local industry to produce quality medical products. Regional Energy Standards: Oman hosted GCC technical committee meetings with Yemen on unified standards for electricity, electronics and renewable energy to support safer trade and investment.
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