AGP Executive Report
Last update: 9 hours agoG7 Wrap-Up: Leaders ended the summit without a single joint declaration, issuing separate communiques instead, but still aligned on Ukraine support (more air defence and long-range systems, plus licensing for domestic production), Russia pressure (tougher sanctions on the war economy), and Middle East navigation (Strait of Hormuz must stay open) while also backing the US-Iran ceasefire framework. US-Iran MoU: The US and Iran published the memorandum text, calling for an immediate and permanent halt to military operations, a 60-day path to a final deal, US removal of its naval blockade, and Iran pledges for safe commercial shipping through the Gulf for 60 days. India-US Trade Push: PM Modi and Trump directed officials to speed up a commercially meaningful India-US trade agreement, with USTR Jamieson Greer set to visit India next week; they also stressed freedom of navigation and seafarer safety. EU Passenger Rights: After decade-long talks, the EU agreed on free cabin hand luggage and preserved delay/cancellation compensation, with rules set to take effect in 2027. China Slowdown Watch: Fitch said China’s growth may slow to about 4.6% in 2026, citing weak demand, property risks, and uneven recovery. G7 Critical Minerals: Japan’s PM Takaichi said the summit sent a unified message on energy security and critical mineral supply chains, as rare-earth and magnet sourcing targets intensify.
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