AGP Executive Report
Last update: 3 hours agoStrait of Hormuz Shipping Disrupted: Oil tanker traffic through the Strait of Hormuz has nearly ground to a halt as the US and Iran trade renewed strikes, with only two tankers reported passing early Thursday—one Marshall Islands-flagged chemical tanker, Well Sail—while insurers and shipping firms warn the risk level has surged back to “severe.” US-Iran Escalation: Washington says it is striking to “degrade” threats to freedom of navigation after attacks on commercial vessels, while Iran retaliates across the Gulf and the fragile ceasefire is widely described as collapsing. Marshall Islands in the Spotlight: The Marshall Islands also condemned China’s reported submarine-launched missile test in the South Pacific, citing the islands’ nuclear-test history and urging Beijing to explain its intentions clearly. Local Watch: In Majuro, the government is preparing a $160 million rebuild of two hospitals—$100 million for Majuro and $60 million for Ebeye—backed largely by Asian Development Bank support.
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