AGP Executive Report
Last update: an hour agoOil Shock Watch: The Strait of Hormuz jitters are still driving markets, with the IEA warning oil stocks could slip into a “red zone” by July-August unless Hormuz fully reopens. EU Macro: The European Commission cut EU growth forecasts to 1.1% for 2026 and lifted inflation to 3.1%, calling it a stagflationary shock from the Middle East energy disruption. Germany Pressure: Germany’s 2026 growth outlook was slashed to 0.6% as tariffs, high energy prices and uncertainty bite. Baltic Security: Latvia reported another drone incursion, prompting NATO fighter scrambles, as Baltic states keep linking incidents to wider regional warfare spillovers. Policy Signals: France ruled out NATO involvement in Hormuz security, while Germany’s lawmakers are set to vote on an aviation tax cut that could slightly ease travel costs. Energy Diplomacy: EU leaders also kept energy and security on the agenda, including at the European Political Community summit in Yerevan.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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