AGP Executive Report
Last update: 10 hours agoIraq-Iran Energy Diplomacy: Iraqi PM Ali Al-Zaidi arrived in Tehran for a two-day visit focused on energy, agriculture, investment and de-escalation, after a recent US trip; officials say talks also aim to secure continued Iranian gas supplies for Iraq’s power sector. Aviation Connectivity: Iraq opened temporary air routes linking Baghdad and Tehran flight information regions to cut flight times and fuel use, after regional escalation disrupted airspace and cost the aviation sector an estimated $43m; EU safety guidance still flags Baghdad airspace as high risk. Red Sea Oil Shock Risk: Iran-aligned Houthis claimed they struck two Saudi oil tankers in the Red Sea, raising fears of a second chokepoint alongside Hormuz; the US meanwhile carried out its 12th straight night of strikes on Iran, with Tehran warning against attacks on civilian infrastructure. Iraq Revenue Pressure: An Iraqi adviser said the war and Hormuz disruption cut oil export revenue by about $40–45bn through June, with exports down sharply and monthly state oil inflows falling from $7–8bn to about $1.5bn. Jobs Crunch: A new report highlights how Iraq’s growing graduate pipeline is colliding with a weak labor market, with oil dominating revenue but creating far fewer jobs than needed.
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