AGP Executive Report
Last update: 4 hours agoUS-Iran Energy Diplomacy: Mediators say the U.S. and Iran made “encouraging progress” in Switzerland, agreeing on a 60-day roadmap to end the war and setting up mechanisms to keep the Strait of Hormuz open, plus new communication channels for commercial vessels. Oil Markets: The partial de-escalation helped ease crude prices, with Brent slipping after earlier gains as traders weighed fragile talks and lingering tension over Lebanon. Gas Prices at Home: As negotiations advanced, U.S. fuel costs started trending down; the national average fell below $4 a gallon for the first time since late March, with Illinois also seeing lower pump prices. Heat Risk: Separately, the National Weather Service flagged 141 million Americans under major or extreme heat risk, underscoring rising demand pressure on power and cooling during peak summer conditions.
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