AGP Executive Report
Last update: 9 hours agoBasra-Haditha Pipeline Push: Iraq is accelerating work on its strategic Basra-Haditha crude oil pipeline, aiming to move more than 2.25 million bpd and add export flexibility via links to Jordan, Syria, and Türkiye—especially as Strait of Hormuz disruptions keep reshaping energy planning. Energy Security Shock: The World Bank cut its 2026 global growth forecast to 2.5% and warned Iraq and other energy exporters face bigger downside if Middle East supply disruptions and market stress deepen. Hormuz Trade Reality Check: Reports say the Strait of Hormuz is “open” but not fully—commercial traffic is adapting with tighter enforcement and riskier routing, while LPG flows still slip through under pressure. Regional Security Focus: Jordan’s PM stressed that Iraq’s security is a pillar of Jordan’s own stability, with border and airspace risks and non-state armed activity inside Iraq highlighted as key concerns. Oil Market Signals: Crude futures fell after Trump signaled possible progress on an Iran deal, adding to the week’s volatility for Gulf-linked supply chains.
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