AGP Executive Report
Last update: 9 hours agoHormuz Shockwaves: Oil markets are still jittery as the Strait of Hormuz disruption drags on, with the IEA warning inventories are being depleted fast and only a few weeks of buffer remain—raising the odds of more price swings into peak summer demand. Iraq Trade Snapshot: Iraq posted a $24.7bn trade surplus for 2025, with exports ($90.43bn) outpacing imports ($65.74bn), though the numbers still underline how tightly Iraq’s balance depends on oil flows. Gulf Security Flashpoints: A drone attack near the UAE’s Barakah nuclear plant sparked fresh escalation fears, while Iran claims strikes in northern Iraq and Israel reports covert bases in the Iraqi desert—keeping the region on edge. Iraq Development Push: Iraq and UNDP signed a deal to back investment and infrastructure, targeting education, water resilience, agriculture value chains, and private-sector participation. Local Economy Pressure: More than 5,000 unemployed graduates marched in central Baghdad demanding public-sector jobs, highlighting how reform plans collide with hiring limits.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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