AGP Executive Report
Last update: 11 hours agoMaritime Security & Energy Routes: Yemen’s Iran-aligned Houthis declared a naval blockade on Saudi Arabia and warned ships not to load or discharge at Saudi ports near Bab el-Mandeb, pushing at least two Saudi crude tankers to U-turn toward the Suez Canal and raising insurance and freight costs as the US-Iran fight keeps Strait of Hormuz traffic thin. US-Iran Escalation: The US carried out its 11th straight night of strikes on Iran, targeting military and logistics capabilities tied to attacks on commercial shipping, while Iran retaliated against Gulf targets including Kuwait and Bahrain. Oil & Markets: Brent climbed above $91 and oil stayed elevated on supply-disruption fears, with gold also rising as traders weighed higher energy risks and Fed outlook. Yemen Local Development: In Raymah, Al-Jabin district launched an 8-km road project (Dharoun–Al-Matlas–Al-Qabliyah–Al-Harith–Bani Sharaab) funded via community contributions and local authorities, aiming to improve access for 5,000+ residents. Environment & Industry Inputs: A Yemen report warns illegal logging is accelerating deforestation for firewood and charcoal, threatening soil, water resources, and the agricultural base.
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