AGP Executive Report
Last update: 7 hours agoEnergy & Trade: OPEC+ is expected to approve another August output quota rise of about 188,000 bpd as Strait of Hormuz shipping gradually reopens, easing the war premium that previously kept major producers like Saudi Arabia, Kuwait and Iraq from fully exporting. Iraq’s Oil Position: Iraq’s Oil Ministry is pushing back on quota limits and has warned it could withdraw from OPEC if its allocated ceiling isn’t raised to match capacity and revenue needs. Shipping & Security: Iran’s stance on Hormuz is still a flashpoint, with reports of possible “service fees” after a 60-day fee-free period and wider debate over whether freedom of navigation could be restricted. Local Commerce: In Jordan, the Amman Chamber of Commerce says export values covered by certificates of origin hit about JD 768m in H1 2026 (+25.2%), with Iraq ranking first by destination value. Tourism & Industry: Iraq is promoting ecotourism, backing environmentally friendly projects and improving access routes to marshes and rural sites to revive visitor numbers.
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