AGP Executive Report
Last update: 9 hours agoRed Sea Shipping Deaths: Yemen’s coastguard says Iran-backed Houthis killed six people in a Bab al-Mandeb attack on the Tihama, including three Pakistanis and one Indonesian, with two government-allied rescuers also dying after a follow-up strike. Maritime Safety Warning: The IMO condemned the attack as an “indefensible” hit on international shipping and urged firms to reassess risks and protect sailors. Yemen Escalation: The same week brought fresh Houthi missile and drone strikes on Yemen’s Red Sea port city of Mocha, with reports of damage and casualties, raising fears the 2022 truce could unravel. Regional Pressure on Saudi Oil: Houthis also claimed a precision drone strike on Saudi Aramco’s Jizan refinery, while Saudi-backed shipping faces growing threats. Global Fallout: Energy markets stayed jittery as Strait of Hormuz disruption and Red Sea attacks keep supply worries alive, even as US inflation data eased to 3.4% in July.
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