AGP Executive Report
Last update: 9 hours agoSaudi-Iraq Drone Row: Saudi Arabia condemned drone attacks it says were launched from Iraqi territory by Iran-backed militias, saying its air defenses intercepted and destroyed drones aimed at petroleum facilities in the Eastern Province and Riyadh, while urging Baghdad to stop its soil being used as a launchpad. Regional Oil Pressure: The wider Iran-linked drone and missile back-and-forth is also feeding into Red Sea disruption fears, with shipping slowdowns around Bab el-Mandeb and Hormuz keeping oil markets jumpy. Diplomacy vs. Tension: Despite reports of progress by mediators to restart US-Iran talks after a pause in strikes, scattered attacks across the region—including claims involving Yemen’s Houthis and drone activity tied to Iraq—show the risk of escalation is still there. Arbaeen Logistics: In Iraq, Arbaeen pilgrims resumed arrivals via the Safwan border crossing after the Al-Abdali crossing reopened from the Kuwaiti side, with security and service teams mobilized to speed entry. Anti-Corruption: Iraq’s authorities seized IQD27bn in cash in an expanding corruption probe tied to former Deputy Oil Minister Adnan al-Jumaili. Energy Diplomacy: Lebanon’s prime minister arrived in Baghdad to push energy cooperation, with the Kirkuk–Tripoli pipeline revival at the center of talks.
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