Port & logistics deal: Tiryaki Agro and Djibouti Ports and Free Zones Authority signed an MoU to assess upgrading and future operation of Tadjourah Port, including more logistics and storage for agricultural and bulk commodities, with a possible long-term concession later. Red Sea shipping pressure: The U.S. is intensifying talks with Somalia and Eritrea on Red Sea security around Bab el-Mandeb, as attacks and blockade threats keep raising shipping risk for the Horn of Africa corridor that feeds Suez. Djibouti’s strategic role under strain: With Ethiopia relying on Djibouti for most imports and exports, any disruption at Bab el-Mandeb quickly turns into higher costs and supply stress for fuel, fertilizer, food aid, and manufacturing inputs. Markets react: Brent crude pushed above $100 as fears grow that conflict could spread beyond Hormuz, while insurance and freight costs rise for vessels facing Bab el-Mandeb and Red Sea uncertainty. Naval posture shift: Germany is withdrawing two ships (Fulda and Mosel) from Djibouti to the eastern Mediterranean, citing no near-term start for a Hormuz mission. Regional security ripple: The week also saw Yemen’s Houthi claims of attacks on Saudi tankers and renewed blockade talk—keeping operators cautious even without a full strait closure.