AGP Executive Report
Last update: 9 hours agoRed Sea Security Shock: Yemen’s Houthis said Saudi Arabia launched 58 strikes in 24 hours, as fighting intensified along the Red Sea coast and Riyadh reported attacks near its border. The clashes follow Houthi gains including control of Yemen’s Red Sea coastline and islands near Bab el-Mandeb, raising fresh risk for global shipping and oil flows. Djibouti Humanitarian Update: The UN’s migration agency says more than 2,000 Yemenis have arrived in Djibouti this week, after Djibouti’s economy minister put arrivals at about 1,400 in 24 hours; the wider Yemen displacement figure is now above 76,000 since July. Trade Pressure in the Horn: Somalia’s business community is seeking alternative routes as Bab el-Mandeb and the Strait of Hormuz disruptions hit costs and schedules; Mogadishu Seaport says it even brought a direct sugar shipment from Sri Lanka. Energy Market Watch: Brent pushed above $110/bbl on supply disruption fears tied to Hormuz and Bab el-Mandeb, with renewed anxiety over export security. Diplomacy & Navigation: Djibouti reiterated its commitment to freedom of maritime navigation and called for a political solution as the security situation around Bab el-Mandeb evolves.
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