AGP Executive Report
Last update: 3 hours agoRed Sea Pressure: Bab el-Mandeb traffic fell to the lowest level in months after Yemen’s Houthis attacked Saudi oil installations, with Kpler data showing only 11 commodity ships passing Sunday and shipping rerouting to keep crews safe. Drone Escalation: Saudi Arabia says it intercepted drones launched from Iraq targeting oil facilities in the Eastern Province and Riyadh, while the Houthis claim drone strikes on Saudi crude supply and transport sites feeding Yanbu. Saudi Response Signals: Riyadh condemned the attacks and reiterated it “reserves the right to respond,” as coalition officials blamed the Houthis for threatening maritime trade. Yemen’s Cost of War: Yemen’s transport minister said Saudi strikes and inspections have crippled Red Sea trade, driving up war-risk insurance and delaying imports through Hodeidah. Regional Context: As US-Iran strikes paused for days and mediators reported progress, the Red Sea became the new flashpoint—pushing oil prices down from recent highs while tensions keep shipping insurers and traders on edge. Security Crackdown in Sanaa: Houthis expanded surveillance in the capital with phone searches at checkpoints, detaining people over content found on devices.
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