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REVEALED: 5 | Vintage Vibes

Houthi rebels’ control of Red Sea oil chokepoint exposes deep divisions in Brics

Houthi rebel forces have seized the Yemeni port of Mokha as well as Mayyun Island overlooking the Bab el-Mandab strait. This gives Iran’s most powerful remaining proxy force in the Middle East nearly complete control of Yemen’s entire Red Sea coast.

The Conversation

Gulf states postpone strait of Hormuz talks with Iran as Yemen conflict intensifies

Impasse comes amid growing Saudi anger with Tehran over Houthi advances and strikes on airbase and pipeline

The Guardian - UK

Saudi Arabia's Key Pipeline Has been Hit. 4% Of The Global Oil Supply Could Be Threatened.

Riyadh could take up to six weeks to fix the East-West pipeline, according to a new report.

International Business Times

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Munir won’t recue MBS: Why the Mecca Pact's first test is failing Saudi Arabia

As Houthi forces seized Mokha and Perim Island last week, Pakistan's army chief Field Marshal Asim Munir spent the moment on the phone with Iran's foreign minister Abbas Araghchi.

The Times of India

First Thing: Oil prices surge as attacks on Saudi Arabia stoke supply fears

Strike on kingdom’s east-west pipeline could affect 4% of global oil supply

The Guardian - UK

Oil and gas prices climb after Saudi Arabia closes east-west pipeline

The price of a barrel of Brent crude oil was up by around 3% to 108 US dollars (£80) on Monday morning.

Evening Standard

Houthis seize 2 strategic Red Sea islands, and other Mideast developments

Yemen's Houthi rebels have seized the strategic islands of Greater and Lesser Hanish in the southern Red Sea

The Independent UK

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Houthis and Saudi Arabia renew fighting, Iran denies any interference

Saudi Arabia launched dozens of airstrikes on western Yemen on Monday after Iran-backed Houthi rebels attacked military facilities in the kingdom. The renewed fighting around the Red Sea comes as the wider US-Iran war threatens vital shipping routes across the region.

France 24

Saudi pipeline shutdown threatens oil exports to Europe and Asia as kingdom relies on stored supplies

The pipeline disruption comes as Gulf oil exports have already fallen sharply and shipping routes face further threats. With no restart date announced, the impact on deliveries to Europe and Asia depends on how long the shutdown lasts.

Euronews

US borrowing costs hit 5% for first time since 2023 amid bond sell-off

Soaring oil prices of above $108 a barrel after Houthi attacks on Saudi infrastructure stoke inflation fears

The Guardian - UK

Oil surges past $108 as Hormuz attack and Saudi pipeline shutdown rattle markets

Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the waterway, renewing fears that Middle East supply routes are closing.

Euronews

Infra firm KEC International bags Rs 1,303 crore orders across businesses

KEC International announced new orders totaling Rs 1,303 crore on Monday. These projects span India, the Middle East, and the Americas. The company's year-to-date order intake now exceeds Rs 7,600 crore. This strengthens KEC's project pipeline and market presence significantly. The T&D business secured key projects in India and Saudi…

The Economic Times

Houthi drone attack: Saudi oil stocks could run dry soon if key pipeline remains shut

Saudi Arabia's oil exports face imminent disruption from drone attacks on a key pipeline. The kingdom has only a few days of oil stocks remaining for export. This shutdown threatens to remove a significant portion of global oil supply from markets. The east-west pipeline is crucial for bypassing the Strait…

The Times of India

Trump’s ‘little war’ with Iran just got a lot bigger

Trump’s strategy of economically strangling Iran may be increasing rather than reducing the risk of a wider Middle East war. As Tehran and its Houthi allies threaten shipping around both the Strait of Hormuz and Bab el-Mandeb, the conflict could outlast Trump’s presidency and reshape the regional balance of power.

The Economic Times

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The Independent UK

Iran-US war latest: Trump dodges blame for rising prices as he makes fresh claim on peace talks

Oil prices rose by 3% to over $108 on Monday after new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf

The Economic Times

Oil markets survived the Iran war sprint. Now comes the marathon

The Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has risen back above $100 a barrel as disruptions spread to Yemen and Saudi Arabia.

The Economic Times

Oman postpones regional talks on Strait of Hormuz

Oman postponed a meeting on the Strait of Hormuz amid regional tensions. An Iranian ship was struck near the waterway, killing one person. Houthi rebels launched drones and missiles toward southern Saudi Arabia. An Israeli strike in Gaza killed two individuals, according to reports. Protests erupted in Syria over increased…

The Economic Times

New wave of Houthi missile strikes in southern Saudi Arabia, claims Iran's Press TV

A new wave of Houthi missile strikes was reported towards Saudi Arabia, with warnings issued and later lifted for residents in Khamis Mushait and Abha, according to Iranian state media and Al Jazeera. The strikes come as Yemen's western coast faces severe healthcare disruptions, while BRICS nations call for restraint…

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The Guardian - AU

Satellite images show extent of damage to major Saudi pipeline, amid global oil supply fears

Saudis yet to provide details about damage from drone attack to key east-west pipeline to Red Sea that could affect 4% of global oil supply

France 24

US hosts G20 energy talks in Texas as Iran war disrupts global fuel markets

The United States begins G20 meetings in Houston on Monday promoting “energy abundance” as President Donald Trump’s war against Iran disrupts global fuel markets. Delegations from major economies, including China, India, Japan and Germany, will attend alongside oil producers Canada and Saudi Arabia. Russia is also expected to participate.

The Economic Times

Houthis' Yemen advance leaves Gulf states with uncomfortable choice

The Houthi capture of Yemen's Red Sea coastline is strengthening Iran's leverage over Gulf energy routes, forcing Saudi Arabia and its neighbours to weigh economic costs against engagement with Tehran. The development follows attacks on Saudi oil infrastructure and comes as Gulf states explore a temporary arrangement on Strait of…

The Times of India

Houthis advance in Yemen, attack Saudi Arabia as rebel forces near US base in Djibouti

Fighting intensified in Yemen on Sunday as government forces launched attacks against Iran-backed Houthi rebels along the Red Sea coast, while the Houthis claimed attacks on neighbouring Saudi Arabia, escalating fears of a return to a wider civil war.

We Got This Covered

World’s oil supply faces a new threat as lightning offensive sets Iran allies, the Houthis, up to control another key waterway, the ‘Gate of Tears’

Help was promised. It never came.

The Times of India

Mecca Pact, but no troops yet: Pak expresses 'solidarity' with Saudi after Houthi attacks

Pakistan voiced strong solidarity with Saudi Arabia following recent Houthi attacks. These strikes threaten regional peace and could disrupt global energy supplies. Prime Minister Sharif discussed these issues with Crown Prince Mohammed bin Salman. The recent Houthi advances have also intensified concerns over Red Sea shipping routes. A mutual-defense pact…

The Economic Times

Saudi pipeline outage threatens loss of 4% of global oil supply

Saudi Arabia's oil exports face a significant threat from pipeline damage. The kingdom has only a few days of oil stocks remaining for exports. This situation could lead to a substantial drop in global oil supply. The ongoing conflict in Yemen further complicates the already strained energy market. Global fuel…

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Mohammed bin Salman MBS

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