AGP Executive Report
Last update: 2 hours agoMarkets & Inflation Shock: The Iran-driven energy squeeze is now hitting borrowing costs hard: the US 30-year Treasury yield jumped to 5.19% (highest since 2007), feeding a global bond selloff as oil stays above $100 and inflation expectations climb. Global Economy: The UN cut its 2026 growth forecast to 2.5% and lifted inflation to 3.9%, warning the Strait of Hormuz disruption could push growth as low as 2.1%. EU Trade: After months of delay, EU lawmakers agreed a provisional text to implement the US tariff pact, aiming to avoid Trump’s July 4 deadline. Energy Security: The IEA says oil stockpiles are depleting fast—“several weeks” at current rates—while G7 finance chiefs met in Paris to tackle the crisis. Power Shift: BloombergNEF projects solar will become the biggest power source by 2035, powered by AI demand and electrification. Diplomacy: PM Modi arrived in Rome for talks with Meloni, with IMEC and clean energy on the agenda.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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