AGP Executive Report
Last update: 9 hours agoUK cost-of-living shock from Iran war: New CEBR analysis says UK households face an average £2,400 hit to real disposable income by end-2027, tied to higher energy prices and weaker wage growth, with the Strait of Hormuz disruption driving diesel and petrol spikes. Hormuz shipping squeeze: Shipping data says cargo traffic through the Strait of Hormuz has fallen to just five ships per day, while UKMTO reported an oil tanker attack and the US struck Iranian launchers on Larak island, prompting further retaliation. Energy security pressure in Europe: A report warns Germany’s gas storage is at the lowest level for this time of year since 2009, raising the risk of higher winter bills if supplies don’t catch up. Scotland floating wind risk: GMB warns Scotland’s floating offshore wind could be delayed, reduced or cancelled under England-led energy plan pressure, threatening confidence and jobs. Solar R&D push: Australia’s ARENA backs ultra-low-cost solar with AU$105.6m for 20 projects, aiming to cut module costs and improve efficiency. Local energy economics: Shetland’s council expects a £1.4m boost to gas plant income to £2.6m surplus, driven by production from the Victory gas field.
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