AGP Executive Report
Last update: 8 hours agoSaudi Energy Security: Houthi attacks have forced Riyadh airport to extend its closure and raised fears of wider threats to Saudi infrastructure. Energy Minister Prince Abdulaziz bin Salman said the attacks are testing the kingdom’s resilience and warned that its response would be serious. Export Routes: Riyadh plans to lift oil pipeline capacity to destinations beyond the Persian Gulf to 10 million barrels a day within two to three years, strengthening an alternative route as regional risks mount. Hormuz Standoff: Tehran is reviewing Washington’s response to its proposal to reopen the Strait of Hormuz, but says the US has not met its conditions; negotiations remain stalled. Oil Markets: Brent remains above $100 a barrel as Saudi attacks fuel supply concerns, while uncertainty over a proposed Russia-Ukraine energy truce has added to price swings.
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