AGP Executive Report
Last update: 12 hours agoRed Sea Shock to Djibouti’s Economy: Yemen’s Houthis have seized the Red Sea islands of Greater and Lesser Hanish and earlier took Mocha and Perim, tightening control near Bab el-Mandeb and raising fresh fears of an oil and shipping squeeze for the Horn. Oil Supply Pressure: Saudi Arabia’s East–West pipeline is expected to stay mostly offline for weeks after drone attacks, cutting a key route that moves crude to Yanbu. Humanitarian Surge at Djibouti’s Doorstep: UNHCR says fighting has displaced more than 100,000 inside Yemen and thousands more have crossed to Djibouti; arrivals have topped 2,000 in days, with fuel shortages in Yemen slowing some departures. Regional Policy in Djibouti: IGAD ministers met in Djibouti to review Red Sea/Bab el-Mandeb risks and regional crises, while IGAD’s chief warned of financial and institutional strain. Djibouti-Somalia Business Links: Mogadishu and Djibouti City signed an MoU to boost trade, investment, and economic cooperation. Space & Trade Diversification: Djibouti joined the Artemis Accords, adding momentum for satellite and civil space partnerships.
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