AGP Executive Report
Last update: 9 hours agoOil Exports Stability: Iraq and Turkey moved to lock in continued crude exports through the Ceyhan port, with officials saying a one-year legal/technical protocol is set to be signed soon to keep the Iraq–Türkiye pipeline running and cover flows from the Kurdistan Region. Energy Diplomacy: Turkey’s energy minister said the 12-month extension is aimed at preventing disruption as the existing pipeline deal nears expiry, after earlier arbitration-related outages. Gulf Shipping Pressure: Renewed US-Iran strikes and threats around the Strait of Hormuz are again rattling energy logistics, with shipping traffic reportedly plunging and insurers warning of higher war-risk costs. Sanctions Watch for Industry: Indian state refiners are considering whether to resume Iranian crude purchases if the US extends a sanctions waiver beyond Aug. 21, but buyers are cautious due to uncertainty and prior stockpiling. Regional Finance: The EBRD said it invested about $1.4bn in Türkiye in the first half of 2026 and flagged crisis-response support that includes Iraq, as Middle East instability reshapes funding priorities.
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