AGP Executive Report
Last update: 6 hours agoBRICS Diplomacy: The 18th BRICS Summit in New Delhi wrapped with a 140-point New Delhi Declaration, pushing new cooperation mechanisms across technology, security, logistics, and development for the Global South, including an integrated infectious-disease response system, early-warning sharing, a BRICS startup network and innovation fund, and a smart-grids and energy-storage digital center. Middle East Energy Risk: Fresh attacks around the Strait of Hormuz and Saudi Arabia—plus damage to a key Saudi pipeline and a reported strike on a vessel in the strait—are again tightening oil supply expectations as markets reopen. US Iran Posture: US Energy Secretary Chris Wright played down odds of a quick Hormuz breakthrough, saying markets still rely on transit workarounds supplying about 10 million barrels a day. Renewables Push: Georgia Power won PSC approval for 1,137 MW of new utility-scale solar via CARES 2023/2025, while ACME Solar commissioned 66.68 MW of a 300 MW Rajasthan project. Clean Cooking Incentives (India): India launched a scheme to speed up domestic PNG connection payback from ~10 years to ~3 years, aiming to expand household access to cleaner fuel.
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