AGP Executive Report
Last update: 7 hours agoMaritime Energy Shock: Iran says it expanded a “prohibited zone” beyond the Strait of Hormuz into the Gulf of Oman and Arabian Sea, while the US says it destroyed five Iranian tankers; shipping incidents include a drone-hit fuel tanker in Iraq’s waters and damage to other vessels, as oil prices push Brent above $100. Regional Spillover for Lebanon: With the Gulf and Red Sea lanes under pressure, Lebanon’s energy and logistics exposure rises alongside broader Middle East escalation. Lebanon Payments Push: Banque du Liban is cutting merchant card fees (to 1.25% in key sectors) and reducing electronic tax payment fees to 0.9%, aiming to move the economy from cash toward cards as transaction volumes jump. Energy Diplomacy: Qatar’s energy minister met Lebanon’s energy/water minister to discuss bilateral energy cooperation. Skills for Industry: Lebanese University approved new bachelor curricula in Artificial Intelligence and Cybersecurity, targeting workforce needs for digital security and tech.
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