AGP Executive Report
Last update: 10 hours agoStrait of Hormuz: Iran says it’s “very close” to an Oman deal on shipping routes, but insists reopening depends on US compensation and wider demands; Oman also reported further attacks on vessels transiting the strait, keeping energy-market nerves alive. Fuel costs: Australia’s petrol price hit back above $2 a litre as temporary fuel excise relief ended, with Bowen pointing to still-healthy stockpile days (42 for petrol, 36 diesel). Critical minerals push: The US Pentagon backed Sunrise Energy Metals’ Syerston scandium project with a $400m conditional loan, aiming to break China’s grip on scandium for defence, aerospace and data centres. Battery supply chain: Reuters reports the US Export-Import Bank will lend $58m across three critical-mineral firms, including $25m for Westwater’s Alabama natural graphite mine—key for lithium-ion batteries. Gas market watch: Natural gas prices are facing a downward trend as supply fears ease, with the market increasingly focused on production and storage rather than geopolitics. Australia energy transition policy: AEMC governance updates and new rules for data centres are in focus, with policy moving toward renewable-powered operations.
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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