AGP Executive Report
Last update: 11 hours agoIraq’s Oil Shock: With the Strait of Hormuz still under pressure, Iraq’s crude output has reportedly collapsed to about 1.39 million bpd, pushing Baghdad to scramble for new export routes via Turkey and northern pipelines. Security Ministry Push: Iraq is debating a plan to restructure the PMF under a new security ministry, a move tied to mounting US pressure to rein in Iran-backed armed groups. Frozen Funds Standoff: Iran and the US are still stuck on the release of $24bn in frozen Iranian assets, with Qatar hosting talks and the ceasefire repeatedly tested by strikes. Regional Crossroads: Iran says it’s upgrading the Parviz Khan border crossing to boost trade with Iraq’s Kurdistan Region. Logistics Upgrade: Türkiye says Mersin ports will be linked to both the Middle Corridor and the Development Road through a high-speed rail project to Gaziantep. Energy & Risk: UN Security Council condemnation followed a drone attack on the UAE’s Barakah nuclear plant, raising fears for critical infrastructure across the Gulf.
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