AGP Executive Report
Last update: 5 hours agoIraq’s Oil Export Pulse: South Korea kept Iraq as its fourth-largest crude supplier in H1 2026, with shipments at 7.4% of imports, though Hormuz disruptions pushed Seoul to lean more on the Americas. CBI Currency Update: Iraq’s currency issued climbed to 111.189 trillion dinars (about $84.5B) by end-June 2026, with most cash sitting outside banks. Hormuz Pressure on Trade: Strait of Hormuz transits fell sharply to about 5 million bpd, while the IMO logged 68 incidents in the wider Gulf over the past six months, killing at least 20 seafarers or port workers. Budget for Delays: Iraq plans to set aside $15B (20 trillion dinars) in 2027 to finish stalled projects, warning deficits could widen if Hormuz curbs persist. Regional Power Talk: Iran’s parliament speaker Ghalibaf told Iraq’s chief justice that a “new regional order” is forming as the US coalition prepares to withdraw from Iraq. Sanctions Spillover Risk: US officials say the next phase of pressure on Iran is economic, with secondary sanctions aimed at countries and firms doing business with Tehran—raising the stakes for Iraq’s financial and trade links.
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