AGP Executive Report
Last update: 10 hours agoGulf Shipping Risks: Two tankers were attacked off Saudi Arabia’s Jubail, while Iran’s Revolutionary Guards say a supertanker caught fire after striking a mine in the Strait of Hormuz. The accounts add to fears for vital oil routes; the Hormuz incident has not been independently verified. Oil Prices: Brent settled at $109.86 a barrel, its highest close since May, as traders weighed escalating supply risks. Iraq’s Output: Iraq produced about 834.7 million barrels in the first nine months of 2026, with daily output reaching 4.399 million barrels in September, according to ECO Iraq Observatory. Türkiye’s Gas Push: The Osman Gazi platform is heading to the Black Sea. Türkiye expects it to double Sakarya field output to 20 million cubic metres a day in 2027, supplying domestic gas to one in three households. Regional Energy Exposure: Pakistan says it has secured supplies through November but warned that attacks on Gulf infrastructure threaten its longer-term outlook.
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