AGP Executive Report
Last update: an hour agoOil Shock in Saudi Arabia: Saudi Arabia shut its East-West pipeline after drone attacks, raising Brent toward $108 and reviving fears of supply losses up to 4% of global oil as repairs and outage length remain unclear. Yemen Frontline Escalation: Houthis say they launched 50+ strikes in 24 hours and have tightened control along Yemen’s Red Sea coast, while fighting intensifies around Taiz and Marib and displacement tops 80,000. Hormuz Talks Hit a Delay: Oman postponed a planned Iran–Gulf foreign ministers meeting in Salalah, citing “consensus,” with Iran saying some regional countries requested the deferral; Bahrain again signals it won’t attend. Shipping Under Pressure: An attack off Oman’s coast left one Indian missing and 13 rescued, while a projectile hit a vessel transiting the Strait of Hormuz. Diplomacy and Regional Coordination: Qatar and Kuwait held phone talks on de-escalation; Saudi FM meetings with UAE and Bahrain counterparts continued as the region grapples with pipeline and Hormuz disruptions.
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