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Logistics (MENA) 
Houthi attacks, pipeline outage threaten Saudi oil exports as Riyadh responds
The East-West pipeline outage puts around 4% of global oil supply at risk of being wiped from the market
Houthi attacks are forcing Saudi barrels back to the Gulf
The commercial damage is already showing up in Aramco’s order book
Saudi leads maritime defense alliance to protect Red Sea trade
The Kingdom will host its headquarters
US and Saudi strike Iran-backed forces in Iraq
The strikes reportedly killed at least 20 fighters and wounded 32
AGSI’s Robert Mogielnicki on the import side of Saudi’s blockade
For now it’s constraint management, not crisis, but the longer the Houthis stay active, the more Saudi trade turns inward…
Why a ceasefire won't fix Gulf investor sentiment until the threat architecture changes
Sovereign capital is holding steady; foreign inflows are the harder story
THIS MORNING: Did Saudi retaliate against Iran?
PLUS: The IPO machine is warming up
Renewed Iran hostilities strain Saudi-US relations
The kingdom is reportedly growing increasingly uneasy with what it sees as Trump’s improvisational approach
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