AGP Executive Report
Last update: an hour agoOPEC+ Oil Watch: OPEC+ kept November output targets unchanged for a second straight month, citing ongoing disruptions to Middle East exports and pressure on energy infrastructure and shipping routes. Hormuz Shipping Shift: Iraq moved about 2 million barrels of crude past the Strait of Hormuz on a very large carrier as the Iran-linked war continues to choke exports and raise insurance and security risks. G7 Energy Relief: G7 leaders agreed to release up to 100 million barrels of diesel and crude from strategic reserves to cool markets as prices hover near $100 amid Middle East tensions. Iran-Iraq Flights: Iranian airlines resumed flights to Iraq’s Najaf after the US granted Baghdad an exemption for sanctioned carriers, easing travel for Shia pilgrims. Yemen Escalation: Yemen’s Saudi-backed government launched a major offensive to retake Houthi-held areas, while Houthis claimed attacks on Saudi oil facilities. Flydubai Fallout: Investigations and political debate continued after the attempted hijacking, with reports saying Israeli agencies received crew lists and that security vetting responsibilities were unclear. Iraq After US: The US completed its withdrawal from Iraq, leaving a security landscape shaped by Shia parties, Iran influence, and armed militias.
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