AGP Executive Report
Last update: 5 hours agoIraq Oil & Trade Under Strain: With the Strait of Hormuz still unstable, global oil stockpiles are “rapidly depleting,” and prices stay jumpy as reopening talks drag on—pushing Iraq to lean on alternative export routes and partners. UAE Oil Logistics: ADNOC is reportedly shuttling Iraqi crude through Hormuz using short-trip tactics to keep barrels moving despite the Iran war, an unusual workaround that could affect Iraqi export flows. Digital Infrastructure for the Region: Gulf telecoms are racing to build “data highways” that bypass Red Sea chokepoints; Qatar’s Ooredoo says its Fibre in the Gulf cable will link Oman, Iraq and Turkey to Europe, reinforcing Iraq’s role in future connectivity. Kurdistan Security & Economy: The Netherlands says its forces will remain in Iraq to train the Peshmerga and Iraqi army, while Kurdistan continues to feel the economic squeeze as the US-Iran standoff persists. Local Business Signals: Iraq’s WTO accession file update and ongoing energy projects (including LNG terminal work) point to longer-term trade and investment planning even as near-term risks rise.
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