AGP Executive Report
Last update: 4 hours agoUS-Iran Escalation: The US and Iran traded the heaviest blows in weeks, with Washington striking Iranian targets after Tehran’s attacks on shipping and US forces, and Iran retaliating with missile/drone strikes on US bases across the region including Iraq’s Kurdistan. Hormuz Oil Shock: The Strait of Hormuz fight is again disrupting tanker traffic and pushing oil higher, while the US also unveiled a “tanker-for-tanker” approach targeting Iranian tankers. Iraq Exports Up: Despite the wider crisis, Iraq’s oil exports jumped about 73% in August to roughly 2.34m bpd as buyers returned via discounts and alternative shipping/ship-to-ship transfers. Corruption Crackdown: Iraq’s Interior Ministry dismissed 38 officers and 180 personnel over graft during the first 100 days of the Dawn crackdown, with thousands more disciplined for abandoning posts. US-Iraq Diplomacy: Steven Fagin is set to return as US Chargé d’Affaires in Baghdad, as Washington’s posture toward Iraq and regional security remains in flux.
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