A strategic sea between the Arabian Peninsula and Iran, linking the Arabian Sea to the Indian Ocean.
Iran has said multiple oil tankers and a tugboat have caught fire in and near the Strait of Hormuz after striking naval mines or being hit while using routes Tehran calls unauthorised. British and Emirati agencies have reported separate strikes and damage; independent maritime confirmation of all incidents remains limited as US Central Command says primary transit routes have been cleared.
President Trump has directed Vice President JD Vance to redirect his attention from the Iran conflict to what he calls corruption and crime in Democratic-led cities and states. The move comes as Republicans face midterm losses and amid reports that Vance has weighed resuming talks with Iranian officials. Trump has stated there is no need for a new Iran deal and that the U.S. possesses leverage in the Strait of Hormuz.
Oil prices have climbed with Brent above $95 and WTI near $93 as fighting in the Middle East continues to disrupt shipping routes. Analysts say supply fears and demand shifts, particularly from China, are shaping the rally. Markets are also awaiting inflation data and policy signals as bond yields rise globally.
Turkey has deepened its ties with Russia, highlighting bilateral energy cooperation and nuclear plans as Erdogan positions Turkey within the SCO while stressing Western ties remain intact.
US Central Command has said it has permanently disabled two Iranian crude oil tankers off Kharg Island and Jask and has destroyed a third in the Gulf of Oman after Iran's Islamic Revolutionary Guard Corps fired ballistic missiles toward a US aircraft carrier and destroyer. CENTCOM said no US personnel were harmed.
Iranian naval forces have captured a US Dive‑LD autonomous underwater vehicle at the entrance to the Strait of Hormuz. US Central Command has said the drone malfunctioned more than a day earlier and carried no classified sonar or radar. Manufacturer Anduril has confirmed the loss and called the system attritable.
Iranian state media report missile strikes on oil tankers as U.S. forces strike back at Iranian vessels; the flare-up follows a tense cycle of attacks and counter-strikes in the Strait of Hormuz, with regional powers warning of broader consequences.
The Defense Secretary has faced resignations and blocked promotions amid a broader clash over modernization and culture-war priorities. Critics say leadership is being hollowed out as top brass depart and the Pentagon reshapes itself.
Anthropic has published a 154-page threat report showing its Claude models have been used between December 2025 and August 2026 for cyberattacks, propaganda, surveillance, weapons development and potentially dangerous biological research. The company has said it has blocked offending accounts, tightened safeguards on newer models and shared intelligence with authorities.
Gulf states and Iran have been negotiating a temporary shipping framework for the Strait of Hormuz amid ongoing war-related disruptions. Oman and Iran are coordinating on routes while Bahrain has declined participation. Oil-price volatility remains as markets watch for a regional security framework to emerge.
The United Nations and Western officials say al Qaeda has reestablished training camps and bases in Afghanistan over the past three years, with operations in at least eight provinces. Islamic State-Khorasan also appears to be rebuilding in the north, while the Taliban’s environment is allowing more regional activity. Washington maintains that intelligence and drone capabilities remain intact.
BRICS leaders have adopted the New Delhi Declaration, calling for maximum restraint in the Middle East, protection of civilians and nuclear facilities, and opposing unilateral trade measures. The statement has avoided naming the US, Israel or Iran and authorised a payments task force to ease local‑currency settlements among members.
Global markets waver as AI-linked stocks retreat after OpenAI signals a potential year-end stock sale delay. SoftBank jumps on OpenAI ties; oil prices rise amid Middle East tensions. Wall Street edges lower as investors weigh safety over growth.
The Saudi energy ministry has closed a pipeline as a precaution after reports that Houthi forces seized a Red Sea island and a port city, threatening shipping lanes. Oil prices have risen, with Brent near $108 a barrel and WTI around $103, while gas and diesel costs are climbing in the U.S. amid ongoing regional tensions.
Costco has restricted members to two 5-quart packs of Kirkland Signature synthetic motor oil per week and is limiting Mobil 1 1-quart six-packs to five units per membership, with prices around $58 and $44 respectively. The move comes as Brent crude climbs above $109 and Middle East tensions disrupt oil supply, pushing up costs for lubricants and fuel.
Displacement inside Yemen has surpassed 100,000 as Yemen’s western coast sees renewed fighting. Thousands have fled by sea to Djibouti, and UN agencies warn of humanitarian funding gaps and stretched shelters, water, and healthcare services.
Oil prices have fallen after data showed Asia is set to import its highest monthly crude volume since the US–Iran war began, while traders continue to monitor UN‑level diplomacy and regional tensions. Brent has slipped near $102 a barrel and U.S. crude is trading in the low $90s as markets weigh rising Asian flows against Middle East risks.
Iran warns it may retaliate against any US-led attacks while the US signals readiness for broader action. Trump has said options include striking Iran or pursuing a deal as Iran and its allies prepare for the UN General Assembly, heightening regional tensions and impacting oil shipments.
Yemeni government forces have intensified operations against Houthi positions across Taiz and along the Bab al-Mandeb coast. Rashad al-Alimi has called on citizens to mobilise and offered amnesty to defectors, as Houthis push to expand control over western Yemen and threaten shipping lanes through the Bab al-Mandeb strait.
Oil prices hover near $100 per barrel as Saudi Arabia, Iran and Yemen-linked attacks fuel supply concerns. Jurisdictional diplomacy is ongoing with talks at the UN and US-Chinese discussions shaping the market outlook. Analysts say supply routes remain vulnerable while diplomatic efforts seek de-escalation.
Temasek is expanding with new offices in Riyadh and Abu Dhabi to engage Gulf institutions and pursue long-term infrastructure and private-market opportunities, aligning with regional transformation and existing partnerships.
The USS Theodore Roosevelt has left San Diego and is headed toward the Middle East. Officials say the move could allow three carrier strike groups in the region, but no final destination has been decided yet. Bloomberg reports a broader buildup could accompany such a deployment.
Global oil shipments through the Strait of Hormuz have recovered to roughly 80% of pre-conflict volumes, Shell CEO Wael Sawan has said, helping keep Brent below $100 and sending bullion near $4,165 an ounce. US equity futures are signalling further gains after the S&P 500 and Nasdaq 100 closed at record highs, driven by AI-related shares and Nvidia's surge.
Since Sunday, President Donald Trump has announced an "energy ceasefire" between Ukraine and Russia and a related US-Russia diesel deal; Kyiv has pushed back, saying Russian strikes continued and that Ukraine will resume or pause strikes on Russian energy targets only if Moscow stops hitting Ukraine's energy infrastructure. Attacks have damaged Ukrainian power plants, shut Russian data centres and injured civilians; European leaders have voiced cautious support for a truce.
The Strait of Hormuz continues to see high oil flows under US protection, with flows near prewar levels even as attacks against vessels increase. Data from Kpler and reports from UKMTO show mixed signals: shipments are rising in some weeks while direct Iranian interference remains a threat, keeping prices volatile.
The CPI has risen to 3.7% over the past year, with a 0.6% monthly gain, driven by higher energy and fuel costs amid the Iran conflict. Core CPI has accelerated to 2.6%, complicating the Fed’s rate decisions as markets price in further hikes.
Russia and Iran are expanding their strategic partnership to influence Middle East security and maritime traffic in the Strait of Hormuz. Lavrov’s visit follows Putin’s signals of mediation, with both countries seeking to shape regional order amid US-Israel actions against Iran.
Iran warns it will retaliate against any renewed attacks as shipping disruptions in the Strait of Hormuz continue. Tehran says US-Israeli pressure has escalated tensions, while regional diplomacy seeks de-escalation amid talks with Mecca pact states and Mecca alliance discussions.
The UAE is containing an offshore oil spill from the GEM No. 2 tanker. Beaches across Umm Al Quwain, Ras Al Khaimah and Sharjah have been closed as a precaution while teams monitor pollution, conduct environmental assessments and restore operations. Odors are not posing health risks, and drinking water supplies remain unaffected.
Algeria is moving to deploy a military unit to Niger, marking a historic first since the 1973 Arab-Israeli war. Parliament has approved the move in both houses, amid ongoing security cooperation with Niger as jihadist violence and cross-border crime persist along their 960-kilometre border.
Conservative commentator Tucker Carlson has claimed the Trump administration could launch a nuclear strike on Iran within days, under pressure from Benjamin Netanyahu. The posts reference Pickaxe Mountain as a target and describe Iran’s alleged renewed enrichment; Trump has publicly warned of tough action but has not confirmed any nuclear plan.
Kenya has discharged the last Ebola patient and will begin a 42-day countdown to being Ebola-free, with no community transmission detected among confirmed cases. Authorities say all 135 identified contacts have completed monitoring and Kenya will maintain heightened surveillance through December 23.