AGP Executive Report
Last update: 7 hours agoAnti-Corruption Push: Iraq’s new PM Ali al-Zaidi ordered the Finance Ministry to open a dedicated account for recovered illicit funds, as the Integrity Commission prepares an asset-recovery draft law for parliament and continues digital steps to freeze assets abroad. Green Zone Raids: “Operation Dawn” continues to widen, with reports of cash seizures and arrests spanning Sunni and Shi’ite politicians, while officials say no immunity will be granted to corrupt figures. Oil Market Pressure: Iraq’s SOMO offered steep discounts on Basrah crude for July loadings, but traders are watching Strait of Hormuz passability closely. OPEC Tension: Iraq is pressing for a higher OPEC quota amid revenue strain and has floated options if quotas aren’t raised, raising the risk of a producer-bloc standoff. Regional Energy Links: Iraq and Syria agreed to form a joint committee to rehabilitate and coordinate energy transit, including an Iraq-to-Syria pipeline revival. Diplomacy & Trade: Iraq’s FM Fuad Hussein visited Syria to deepen cooperation after Assad’s fall, while Thailand approved plans for Iraq to reopen its embassy—aiming to boost energy, trade, investment, and tourism.
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