AGP Executive Report
Last update: 12 hours agoIraq Oil & Exports: SOMO launched a tender to sell 2 million barrels of Basrah Heavy crude for Oct. 1–7 loading, with bids due Sept. 28, as Baghdad keeps using ship-to-ship options to work around Strait of Hormuz disruptions. Energy & Shipping: Saudi crude rerouting is pushing Gulf of Oman ship-to-ship transfers to capacity, tightening tanker availability and raising freight costs; VLCC rates for Middle East-to-China hit record levels amid longer queues. Aviation Sanctions Spillover: US sanctions are forcing Iranian airlines out of more Gulf airport access, with Iraq among affected destinations as carriers face route cuts and service restrictions. Regional Diplomacy: UNGA diplomacy continues with Iraq-linked talks in New York, including meetings involving Iraq’s deputy PM and foreign minister Fuad Hussein, while Turkey signals a new cooperation push with Baghdad. Industrial/Climate Tech: An Iranian CO2 recovery project tied to Tehran’s oil refinery was named a finalist in the 2026 WPC Energy Excellence Awards, highlighting emissions-reduction efforts in the energy sector.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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