AGP Executive Report
Last update: 7 hours agoPanama Canal bottleneck: With the Strait of Hormuz effectively choked and El Niño drying conditions worsening water levels, Panama Canal transit fees and auction prices surged again—one ship reportedly paid about $4m to jump the queue as wait times stretched beyond a week and more vessels queued for slots. US–Iran shipping flashpoint: The US says it disabled a Panamanian-flagged vessel in the Gulf of Oman after it tried to evade the blockade, while Iran rejects US claims of “total control” of Hormuz and says the strait stays blocked until its conditions are met. AI supply-chain push via Panama: The US State Department launched Pax Silica to speed AI-related shipments, starting with a Panama pilot for a “digital passport” to certify origin and route and speed customs clearance. El Niño hits food and trade: Reuters warns a potentially record-strength El Niño is already reshaping rainfall and drought risk across Latin America, threatening agriculture and stressing regional trade routes that feed into Panama’s logistics lifeline. Crypto and compliance watch: UK’s FCA is in settlement talks with sanctioned exchange HTX over alleged illegal marketing to UK consumers.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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