AGP Executive Report
Last update: 9 hours agoIraq Oil Recovery: Iraq’s Oil Ministry says it’s working to bring output back to over 3 million barrels per day within two months after the US-Iran war cut production to about 1.3m bpd, with restoration work already underway in southern fields. Shipping & Trade Links: AD Ports Group inaugurated a new integrated UAE–Iraq logistics service, launching a weekly direct Khalifa Port–Umm Qasr shipping lane for containers and Ro-Ro cargo to speed up regional trade. Hormuz Rules Raise New Friction: Iran’s new Strait of Hormuz authority is issuing guidance that ships must register and meet transit requirements, a move that could shape shipping costs and insurance terms even as traffic begins to resume. Cyber Risk for Industry: CISA warned of active exploitation tied to the FortiBleed leak, where leaked credentials for tens of thousands of Fortinet devices are being used to target internet-facing systems—an urgent reminder for Iraqi firms running VPNs and firewalls. Agriculture Resilience: Iraq’s agriculture ministry plans to release results of a first national desertification assessment covering Nasiriyah, al-Suwaira, and Tal Afar, with expansion nationwide as water stress and soil salinity worsen.
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