AGP Executive Report
Last update: 8 hours agoFrozen-asset diplomacy: The US Treasury is assessing whether frozen Iranian assets can be redirected to help Gulf allies rebuild after damage from Iran-linked attacks, with Scott Bessent’s team weighing both reconstruction costs and potential compensation—an idea that could further strain the fragile US-Iran ceasefire. Sanctions & crypto enforcement: The US also moved to sanction Iran’s largest digital asset exchanges and leadership tied to IRGC financing and sanctions evasion, underscoring how crypto is being treated as a geopolitical tool in the Gulf. Gulf shipping & energy shock: With Strait of Hormuz disruptions continuing, OPEC+ is set to debate higher quotas, but analysts warn output pledges may not calm prices given real supply constraints. Islamic finance push: Turkey’s VP urged a stronger role for Islamic finance as Istanbul hosts Islamic economy events, while Turkey also secured a World Bank loan for “green and future cities” upgrades. Regional trade talks: Turkey and Bangladesh discussed an FTA/preferential deal and more Turkish investment, including textiles, renewables, IT and smart technologies. Iraq infrastructure: The World Bank backed a $900m Iraq road upgrade initiative to improve transport corridors and safety, aiming to unlock growth and private financing.
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