AGP Executive Report
Last update: 7 hours agoOil & Trade Corridors: Iraq and Syria signed deals in Washington to rehabilitate the Iraq–Syria crude pipeline to the Mediterranean, aiming to cut dependence on the Strait of Hormuz and restore export capacity (with figures cited up to 2 million bpd). Energy Deals: During PM Ali al-Zaidi’s U.S. visit, Baghdad signed 48 agreements with U.S. firms, with heavy focus on oil and energy infrastructure, plus a Starlink satellite-services pact to boost connectivity. Regional Shipping Pressure: As Hormuz disruption continues, Iraq is reportedly rerouting fuel shipments through Syria using large truck flows, turning Syrian ports/refining into a key export outlet. Budget Strain in Baghdad: Iraq’s parliament is drafting a borrowing bill as Hormuz closure hits revenues and threatens salary payments. Syria Politics & Representation: A Syrian Kurdish leader says the new People’s Assembly’s first session showed weaker-than-expected Kurdish representation and will be judged by its ability to translate participation into legislation.
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