AGP Executive Report
Last update: 10 hours agoStrait of Hormuz Disruption: Crescent Petroleum CEO Majid Jafar warned the Gulf crisis has turned into a whole-economy shock, hitting not just oil and LNG but fertiliser, helium for semiconductors, shipping, food and manufacturing—direct energy damage already above $60bn and trade losses past $150bn. Iraq Export Diversification: Iraq and the UAE are pushing alternative routes as Hormuz remains constrained; Baghdad approved expanding crude exports via the Kurdistan–Turkey pipeline toward Turkey’s Ceyhan port, while the UAE accelerates the Abu Dhabi–Fujairah West–East pipeline to bypass the chokepoint. Regional Security Link: Jordan’s PM told Iraq’s parliament speaker that Iraq’s security is a pillar of Jordan’s stability, stressing concerns over drones and non-state armed groups operating from inside Iraqi territory. Iraq Industry & Finance: Fitch said APAC corporate credit risks are widening from the Iran-linked energy shock, with selective downgrades tied to Iraq exposure and weaker leverage headroom. Maritime Incident: A US missile strike off Oman led to a rescue of 24 Indian crew after a distress call from the tanker MT Marivex, previously sanctioned over alleged Iranian oil blockade violations.
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