AGP Executive Report
Last update: 5 hours agoUS-Iran War Costs: The Pentagon inspector general says the Iran campaign (Operation Epic Fury) cost about $33.4bn from Feb 28 to June 30, with $22.3bn spent on expended munitions, and that ammunition use created “strategic inventory shortfalls” plus industrial bottlenecks. Regional Fallout for Iraq: The same conflict is cited for damage to US bases across the Gulf, including Iraq, and for weapons and readiness strains. Saudi Oil Disruption: Oil markets jumped as Saudi’s East-West pipeline stayed shut after drone attacks blamed on Iraq-linked launch sites; repairs could take weeks, adding fresh supply risk. Iraq Security Moves: Iraq says it seized a drone launcher tied to the pipeline attack and has ordered probes and border-crossing crackdowns after the incident. Iraq-France Cooperation: Iraq and France signed agreements to boost defense, energy, and anti-corruption cooperation during Prime Minister Ali al-Zaidi’s Paris visit. Basra Energy Snapshot: Basrah crude prices slipped while Brent rose above $107 amid the wider Middle East supply scare.
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