AGP Executive Report
Last update: 12 hours agoSupply Risks: Oil climbed to a six-month high, with Brent settling at $117.64 a barrel after a tanker attack in the Strait of Hormuz. Asian LNG prices also hit a multi-year high as winter buying met war-related supply concerns. Maritime Security: Quad ministers called for free passage through Hormuz, the Red Sea and Bab el-Mandeb, while announcing more joint maritime activity and steps to secure critical-mineral supply chains. India’s Exposure: Crude imports are forecast to reach a record 5.4–5.6 million barrels a day in October. Foreign Minister S. Jaishankar warned that sanctions and shipping chokepoints are disrupting energy trade, as India presses for stronger supply resilience. Clean Energy: India’s green-hydrogen order commitments have topped 550,000 tonnes a year, but its 500-GW clean-power ambition will depend on more grid capacity and long-duration storage. Across Southeast Asia, geothermal interest is rising, though costly exploration remains a major barrier.
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