AGP Executive Report
Last update: 12 hours agoSaudi-Houthi escalation: Iran-backed Houthis struck four Saudi cities and energy sites, including Abha, Najran, Jizan and Khamis Mushait airbase, injuring at least 73 civilians and forcing temporary shutdowns as fires broke out at oil installations. Regional spillover: Turkey condemned the attacks and urged the Houthis to stop, while Bahrain backed Saudi self-defence and warned of threats to Red Sea navigation. UN warning: The UN condemned the cross-border strikes and urged restraint, warning Yemen’s wider clashes could worsen an already dire humanitarian situation. Oil shock: Brent jumped toward $100 a barrel for a fourth straight session as US-Iran tensions intensified—US forces destroyed five Iranian oil tankers and Iran retaliated with strikes including a US-linked base in Jordan—raising fears of supply disruptions through Hormuz and the Red Sea. Yemen frontlines: Yemen’s government forces said they retook Al-Yatama in Al-Jawf and expanded operations across multiple fronts, aiming to tighten Houthi supply lines. Diplomatic pressure: Pakistan warned that an attack on any member of the Makkah Defence Alliance could trigger collective defence after the Saudi strikes.
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