AGP Executive Report
Last update: 2 hours agoStrait of Hormuz Diplomacy Stalls: Oman postponed a planned Iran–Gulf foreign ministers meeting in Salalah “in the interests of consensus,” after Bahrain said it would not attend, leaving the future of a temporary Hormuz shipping lane uncertain. Energy Shock From Saudi Attacks: Fresh strikes and a Saudi East–West pipeline shutdown have pushed oil higher at the open, with Brent up about 3.5% and WTI up about 3.1%, as traders weigh supply risks from both the Strait of Hormuz and the Red Sea. Iraq’s Security Focus: Iraq’s anti-corruption drive saw a court uphold prison sentences for MPs over extortion, while border authorities in Maysan ordered tighter oversight at Al-Sheeb to curb smuggling and illegal crossings. Regional Fallout: Iran said Hormuz reopening depends on U.S. conditions, while shipping incidents near Qeshm and projectile hits in the strait kept maritime fears front and center. Iraq–Europe Connectivity: SalamAir announced flights to Copenhagen via Baghdad, signaling continued efforts to expand Iraq’s international links.
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