AGP Executive Report
Last update: 3 hours agoEnergy and Shipping: Yemen’s Houthis claimed strikes on Saudi Arabia’s East-West pipeline pumping station, Yanbu oil facility and an Aramco building in Riyadh; the claims were not independently confirmed. Brent jumped 3.3% Thursday, but remained on track for a second weekly decline as supply recovered. Gulf shipping risks persist. Sanctions and Security: The UN Security Council extended Yemen-related sanctions and its expert panel through 2027, demanded an end to Houthi attacks on civilian infrastructure and commercial shipping, and called for maritime-security expertise on the panel. Conflict: Houthi-affiliated media reported Saudi airstrikes wounded civilians in Taiz, while Yemen’s government accused the Houthis of targeting Aden with ballistic missiles. Gold Trade: Swissaid says the UAE imported at least 591 tonnes of illicit gold in 2024, including 174.5 tonnes combined from Yemen, Sudan and Russia that it classifies as conflict gold.
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