AGP Executive Report
Last update: 8 hours agoSaudi Oil Security: Two people were killed by falling debris after Saudi air defences intercepted a drone targeting Aramco’s Shaybah field; operations were unaffected. The UK is sending Typhoon jets to help defend Saudi infrastructure as Houthi attacks escalate. Hormuz Risks: Explosions were reported near the Strait of Hormuz, while a drone fell near a tanker in Iraqi waters. Brent has topped $110 a barrel amid fears for supply, and Iraq is discussing a revived pipeline to Syria that could carry at least 2 million barrels a day, reducing reliance on Hormuz. Iraq’s Oil Capacity: Baghdad signed an agreement with ExxonMobil for a seawater project supplying 2.5 million barrels a day for oilfield injection, supporting production and reservoir pressure. Iran Sanctions: Washington targeted a Panama- and Greece-based law firm, shipping agents and seven vessels accused of helping Iran move oil and other goods through shadow-fleet networks.
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