AGP Executive Report
Last update: 10 hours agoEnergy Markets: Oil fell as much as 9% on Wednesday, with Brent briefly below $95 a barrel, as hopes for an end to the Iran conflict eased supply concerns. The sharp swing underscores the region’s exposure to geopolitical shocks. Red Sea Logistics: Yemen’s government accused Iranian and Hezbollah experts of directing Houthi operations, including maritime attacks, while Houthis claimed strikes on Saudi targets. The escalation puts shipping and critical infrastructure at further risk; airstrikes also hit Houthi weapons depots and vehicles in Al-Bayda, with no reported details on damage. Water Security: Saudi Arabia has launched 62 water projects across 14 Yemeni governorates, targeting a vital service amid conflict and displacement. Trade Links: An Oman–Yemen forum in Al Mazunah is seeking to boost cross-border trade and investment.
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