AGP Executive Report
Last update: an hour agoOil Shock: President Donald Trump said the U.S. could strike Iran again as oil climbed above $111 a barrel amid fears of wider disruption. Houthi attacks and soaring tanker rates are also disrupting trade, helping drive a sharp drop in U.S. crude shipments to Asia; Washington is releasing 400,000 barrels from the Strategic Petroleum Reserve. Refining and Fuel: The administration is using wartime powers and $150 million in federal funding to boost U.S. refinery output. Meanwhile, the first Russian diesel cargo since 2023 is headed for the U.S. under a temporary sanctions waiver, drawing criticism that the deal won’t bring down pump prices. Energy Security: A New York Times report says Russia’s sanctioned Novatek secretly funded an Alaska LNG venture; the project’s former CEO says he alerted U.S. officials. Power Demand: Omaha’s dwindling power capacity could constrain growth, while Walmart is challenging a Duke Energy deal involving tech companies over who should pay for rising electricity demand.
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