AGP Executive Report
Last update: 6 hours agoUS-Iran Diplomacy in Switzerland: Iran’s delegation is heading to Switzerland for talks linked to the US-Iran memorandum, but Tehran says expectations are low after it closed the Strait of Hormuz again, citing Israeli strikes in Lebanon and US “bad faith.” Energy & Markets: The Hormuz move adds fresh risk to global oil and LNG flows, even as US Vice President JD Vance says he expects to travel to Switzerland soon and that US envoys are already there for technical work. Mediation & Timeline: Pakistan and Qatar are mediating, with technical-level discussions described as starting in Bürgenstock, Switzerland, while the Lebanon ceasefire remains fragile. Frozen Funds Plan: The US is exploring with Qatar a mechanism to release billions of frozen Iranian assets for humanitarian spending, starting with about $6bn, but details still need Iran’s approval. Swiss Finance Watch: Separately, Swiss National Bank data show Bangladeshi-linked deposits in Swiss banks jumped 41% in 2025 to about CHF 834m, renewing scrutiny of cross-border capital flows.
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