AGP Executive Report
Last update: 16 minutes agoUS-Iran Escalation: The Strait of Hormuz fight is intensifying again, with the US launching its seventh straight night of strikes on Iranian military and infrastructure targets while Iran retaliates across the region, including reports of drone and missile activity affecting Gulf states and Iraq’s Kurdistan. Iraq-US Deals: In Washington, Iraqi PM Ali al-Zaidi oversaw the signing of 48 MoUs and agreements worth over $60 billion with US firms, spanning oil, electricity, healthcare, communications, and Starlink satellite services. Energy Diversification: Iraq and Syria signed an agreement to rehabilitate the Iraq-Syria crude pipeline (Haditha–Baniyas), with Chevron expected to play a key role—aimed at reducing reliance on Hormuz. Kurdistan Under Pressure: Erbil flights resumed after brief suspensions amid drone attacks, while Sulaimaniyah saw deadly strikes tied to Iranian Kurdish opposition groups. Regional Pipeline Stability: Turkey and Iraq are nearing a one-year extension of the Kirkuk–Ceyhan pipeline transit deal to keep northern exports flowing.
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