AGP Executive Report
Last update: 6 hours agoRed Sea & Yemen Security: Yemen’s internationally recognized government says it will respond to intensified Houthi missile and drone attacks across Marib, Hadramout and the western coast, warning strikes will no longer come “without cost.” Saudi Energy Hit: Houthis claimed a precision drone strike on Saudi Aramco’s Jizan refinery, with Saudi saying the fire was extinguished without casualties, while the group also targeted Yemen’s Mokha port and a Saudi troop buildup. Hormuz Deadlock: Iran says the Strait of Hormuz won’t reopen unless the US “corrects” its behavior, lifts blockade and sanctions, releases frozen assets, and pays compensation—while Oman talks continue on new shipping lanes. US Compensation Demand: Trump escalated the dispute by demanding Iran pay “war reparations” and compensation for deaths and injuries, including incidents he links to Yemen, and said the demand will be part of all future negotiations. Shipping & Fuel Pressure: With Hormuz reopening uncertain, oil prices jumped and diesel markets tightened after refinery disruptions tied to regional attacks, raising costs for transport and industry.
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