AGP Executive Report
Last update: 8 hours agoIraq’s PM in Tehran: Iraqi Prime Minister Ali al-Zaidi arrived in Iran for talks on energy, agriculture, investment and de-escalation, after a recent U.S. visit focused on oil exports and partnerships—then he’s set to continue to Türkiye and Saudi Arabia. Iran-Iraq trade snapshot: Iraq’s imports from Iran fell nearly 55% in Q1 2026 to $2.3bn, with petroleum gases, steel products, ceramics, plastics and food items among the biggest categories. Jobs pressure on graduates: A new report highlights how Iraq’s growing pool of university and technical graduates is outpacing job creation, with oil-heavy revenue that doesn’t translate into enough employment. War and shipping risk hits industry: As U.S.-Iran strikes continue for a 12th night, Iran warns against attacks on civilian infrastructure and the Houthis claim strikes on Saudi tankers in the Red Sea, raising fears of a second chokepoint. Hormuz bypass race: Gulf producers are accelerating pipeline plans to reroute exports away from the Strait of Hormuz toward the Red Sea, Suez and Gulf of Oman. Iraq’s war losses: An Iraqi official says the country lost $40–45bn in revenue up to June 2026 as exports plunged under Hormuz disruption. Energy diplomacy and infrastructure: Preparatory studies are underway for Kirkuk-Baniyas pipeline rehabilitation, while Iraq and partners push alternatives to keep crude flowing.
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