AGP Executive Report
Last update: 3 hours agoBab al-Mandeb Push: Yemen’s internationally recognized government, backed by a Saudi-led coalition, says it has regained effective control of Bab al-Mandeb positions, including Dhubab, Bab and Hadeid, as the “Dawn of Yemen” offensive enters a “new phase” with air cover and claims of hundreds of Houthi targets hit. Red Sea Trade Risk: The strait—used by about 12% of global goods—remains a flashpoint as fighting also threatens nearby routes and ports like Mokha, with both sides trading claims of gains and denials. Oil & Fuel Pressure: Saudi Aramco CEO Amin Nasser warned global crude and fuel stockpiles could take up to two years to rebuild amid Hormuz and Red Sea disruptions, while markets react to shifting supply fears and G7 stock releases. Energy Infrastructure Hits: Reports say Saudi’s East-West pipeline pumping was halted again after another attack near Khurais, underscoring how Yemen-linked strikes can ripple into regional oil logistics. Security & Diplomacy: US Secretary of State Marco Rubio said the US will “live by” its security commitments to Saudi Arabia as Yemen escalates, while UN officials flagged sharp escalation and humanitarian concerns.
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