AGP Executive Report
Last update: 8 hours agoRed Sea Shipping Crisis: Yemen’s Houthis say Bab al-Mandab is not closed, insisting their maritime measures target Saudi-linked shipping only, after claiming attacks on two Saudi oil tankers and warning of further action. UN Warning: UN chief António Guterres urged immediate de-escalation, warning renewed Houthi attacks could pull Yemen deeper into the wider regional conflict and trigger serious economic and humanitarian fallout. Iran-US Escalation: The US and Iran traded escalating strikes as Trump warned of “major military punishment,” while Iran also claimed drone attacks on US bases in Bahrain, Jordan and Kuwait. Oil Shock: Brent jumped back above $100 a barrel as shipping risk spread from Hormuz to the Red Sea, with the Strategic Petroleum Reserve reported at its lowest level since 1983. Regional Pressure: China urged restraint to keep Red Sea routes open; Pakistan warned any attack on its maritime interests would be a “red line,” while EU officials called the tanker attack unacceptable and demanded an end to threats to navigation.
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