AGP Executive Report
Last update: 4 hours agoShipping and Security: Saudi Arabia says it intercepted three drones as the Houthis claimed strikes on Abha airport and King Khalid Air Base, and warned that Aramco facilities remain in range. Yemen’s interior minister separately accused 21 Iranian and Hezbollah experts of helping direct Houthi operations, including maritime attacks and the targeting of commercial vessels. The claims raise fresh concerns for trade through the Red Sea and Bab al-Mandeb. Energy Markets: Aramco reported third-quarter profit of $36.25 billion, up 34.5% year on year, as higher oil prices offset lower output amid regional disruption. Continued uncertainty around the Strait of Hormuz is adding volatility to energy supplies and costs.
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