AGP Executive Report
Last update: 8 hours agoMaritime Risk: The Marshall Islands-flagged tanker MT Valthera was struck by an unidentified projectile near the Strait of Hormuz and caught fire. All 11 Indian crew members were reported safe; responsibility for the attack has not been established. The incident highlights growing risks to commercial shipping and the Marshall Islands’ flag registry. Fuel Costs: The Middle East oil shock is raising transport and freight costs across the Pacific, putting pressure on businesses, outer-island households and fishing livelihoods. Governments are using welfare support and fuel and transport subsidies to cushion the impact.
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