AGP Executive Report
Last update: 10 hours agoIraq-Turkey Energy: Baghdad and Ankara are close to signing a one-year extension of the 1973 Iraq–Türkiye crude pipeline deal, due to expire July 27, to keep oil flowing to Ceyhan as Iraq leans on northern routes amid Hormuz disruption. US-Iran Pressure on Iraq: The US and Iran resume talks after recent strikes, but the wider Gulf shipping risk remains high, with Strait of Hormuz traffic reported to have plunged. Anti-Corruption Push: Iraq’s Finance Ministry says any plan to repay corruption proceeds must fully recover state money, while the Supreme Judicial Council works on legal mechanisms that could ease procedures for voluntary returners—sparking criticism from Najaf’s Friday prayer leader. Kirkuk Infrastructure: Daquq Bridge in Kirkuk is set to open soon after 200 days of work, aiming to cut congestion and improve safety on a key highway. Bank Reshuffle: Rafidain Bank has issued leadership changes across compliance and risk management departments. Oil Market Fallout: Iranian oil at sea is rising, but buyers are shifting toward cheaper crude from Iraq and other Middle East suppliers. Security Posture: Iraq’s Islamic Resistance vows to strengthen military readiness in response to escalating threats.
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