AGP Executive Report
Last update: 9 hours agoOPEC Pressure on Iraq’s Oil Policy: Iraq is weighing “all available options,” including a possible exit from OPEC, unless its oil quota is significantly raised—an urgent ask tied to the financial strain from the Iran war and the tiny quota relief it received after UAE’s OPEC+ exit. Oil Market Slide: As Strait of Hormuz traffic resumes, Brent and WTI fell to near pre-war levels, with analysts pointing to improving tanker flows and rising Middle East supply expectations. Energy Logistics & Exports: Reports say dozens of tankers and energy cargoes are moving again through Hormuz, while Iraq also looks to restore output and revive export routes. Regional Water Security: Syria and Iraq are reviving water cooperation with Türkiye to tackle declining river flows and worsening water quality. Archaeology in Nineveh: A 7th-century BC stele of King Ashurbanipal was discovered in Mosul during restoration work. Security & Displacement: Jurf Al-Nasr’s displaced residents remain unable to return years after ISIS recapture, with security and politics still blocking progress.
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