AGP Executive Report
Last update: 12 hours agoIraq–US Energy Push: Prime Minister Ali al-Zaidi is set to meet President Trump in Washington as Baghdad seeks oil and gas deals and to diversify export routes amid US-Iran tensions. Export Dependence Snapshot: Iraq’s exports to the US were $6.5bn in 2025, with mineral fuels and oil products making up 99%—crude alone at $4.79bn. Pipeline Security for Industry: Turkey and Iraq are close to signing a 12-month extension of the Iraq–Turkey crude pipeline agreement (1973), due to expire July 27, to keep flows to Ceyhan as Hormuz disruptions push Iraq toward the northern route. Regional Shock to Shipping: Renewed US-Iran strikes have again raised fears for Strait of Hormuz traffic, lifting oil prices more than 3% and slowing vessel movement—an immediate risk to Iraq’s export planning and costs. Policy Friction: Iraqi lawmakers say past Washington visits produced agreements that were not implemented, urging sanctions relief and stronger defensive capacity as part of the new push.
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