Iran-backed Yemeni group that has waged a war in Yemen since 2014, expanding strikes on regional targets and shaping Red Sea shipping dynamics.
Oil prices have jumped on Middle East tensions, lifting gasoline costs to record Labor Day highs. Markets are digesting strikes in the region and sanctions after US strikes on Iranian tankers. Investors are watching for Fed policy as inflation remains elevated.
Britain is preparing a ban on goods from Israeli settlements in the occupied West Bank in response to new settlement expansion. The move follows Prime Minister Netanyahu's government pushing settlement construction, and ministers say the policy aims to revive momentum toward a two-state solution. The action is expected to be announced in Parliament today.
The latest from Al Jazeera, AP, Independent and France 24 shows a surge in Yemen-Houthi-Israel- Lebanon-Israel-Hezbollah clashes. Houthis claim to have shot down a Saudi reconnaissance plane; Yemen's conflict has intensified around Bab al-Mandeb and al-Jawf, with air strikes and drone battles raising regional tensions. UN warns risk of full-scale war.
Oil prices have risen this week after U.S. officials narrowed a waiver to the Jones Act for energy shipments and data showed U.S. crude stocks have fallen to multi-decade lows. Traders are parsing mixed statements from Washington and Tehran about talks to reopen the Strait of Hormuz while reparations demands have emerged, keeping markets volatile on 11 Aug 2026.
Polls indicate mounting public concern over the Iran conflict in the US, with a majority doubting stability in the region and fearing higher fuel costs. Support for continuing military action is waning ahead of the midterms as Trump’s handling of the war comes under scrutiny.
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
Shipping through the Strait of Hormuz has ground toward a halt this weekend as a 60‑day ceasefire between the U.S. and Iran has reached its expiry and negotiations remain stalled. Kpler data shows single‑digit daily transits; Iran has repeated demands that the U.S. lift its naval blockade, remove sanctions and pay reparations, while the U.S. says it can maintain the blockade indefinitely and is planning further economic pressure.
Oil majors have posted strong quarterly profits amid continued volatility from the Iran-U.S. conflict and the Hormuz Strait. Aramco and European peers report multi-billion results, while policymakers and markets watch for potential windfall taxes and supply routes.
Iran-backed Houthis have escalated drone and missile attacks in Yemen, with reports of hundreds killed or injured among Yemeni forces. Regional powers are engaging in Oman-mediated talks while exploring military options if diplomacy fails; oil markets respond as Brent hovers near $80 and Red Sea shipping routes face disruption.
Kurdistan authorities have reported Iranian-launched drones struck the private office of KRG Prime Minister Masrour Barzani and the residence of the region's security agency chief on 17 August, with no casualties. The attacks come as Baghdad presses for a September 30 deadline to bring armed factions under state control and as cross-border strikes and US-Saudi operations have raised tensions across Iraq.
July PMI data show the UK construction sector is stabilising after a downturn, with PMIs indicating slower contraction across all subsectors. Housebuilding led the improvement, while civil engineering remains the weakest link. New orders declined at the slowest pace since 2025, and input costs cooled.
Iran and Oman are nearing a bilateral arrangement to restore shipping through the Strait of Hormuz. A temporary central corridor could allow normal oil traffic to resume while broader peace talks with the United States and other parties continue. Officials warn that any reopening remains contingent on U.S. actions and broader security guarantees.
Iran's Supreme Leader Mojtaba Khamenei has not appeared in public since taking the role after his father’s death in February. State media say talks with the US continue as Tehran hints at potential footage releases; meanwhile, Iran signals conditions for reopening the Strait of Hormuz as regional conflicts escalate.
Britain has moved to fund four new Dreadnought-class submarines to enter service by the 2030s, backed by a multi-billion pound package that underscores a drive to reindustrialise Barrow and nearby towns. The plan aims to safeguard jobs, strengthen the domestic supply chain, and sustain nuclear deterrence as defence questions loom over GDP targets.
Houthis have launched repeated drone, missile and naval strikes that have damaged Yemen’s Mocha port, killed dozens and forced the port’s suspension. The group has claimed a drone hit on Saudi Aramco’s Jazan refinery and renewed attacks on shipping in the Red Sea and Bab al‑Mandeb, while Yemeni government forces have mounted counter‑attacks across multiple fronts.
Uganda has authorised the deployment of its troops to Gaza as part of the International Stabilization Force, following a July disarmament agreement. Parliament has backed the move amid mixed voices; the force aims to secure a humanitarian zone and support post-war stabilization, with pledges from several countries.
Iran, Oman, and the United States are negotiating a framework to reopen the Strait of Hormuz without tolls while broader nuclear talks resume. Washington has suggested the risk of renewed strikes is being met with renewed diplomacy, and regional states are urging restraint as attacks in the Gulf intensify.
The Strait of Hormuz remains a flashpoint as Iran resumes attacks and the U.S. reinstates port blockades following a breakdown in a mid-June truce. Gulf exporters are racing to diversify routes to Asia and beyond, while the UAE and Saudi pipelines accelerate capacity to bypass the chokepoint.
Saudi Arabia, Turkey and Pakistan have signed the Mecca Joint Defence Agreement, establishing a mutual defence framework. The pact treats an armed attack on any member as an attack on all, while stopping short of detailing automatic troop deployment. It builds on prior defense ties and signals a move toward a more regionally driven security order amid heightened Gulf tensions and Iran-Israel dynamics.
Iran says the Strait of Hormuz will not reopen until the US ends the war, frees frozen assets and delivers a region-wide ceasefire. Tehran has presented six conditions, linking reopening to Washington’s compliance and Oman-mediated talks, while attacks near key shipping routes continue.
UN envoy Hans Grundberg has warned that Yemen faces a renewed large-scale conflict, jeopardising the 2022 truce and risking a broader regional confrontation. Attacks since July 13 have included a Saudi strike on Sanaa airport and Houthi assaults on Abha and Mokha, prompting talks aimed at averting a wider war.
The African Union Peace and Security Council has returned to Khartoum to press for a ceasefire, humanitarian access, and a Sudanese-led political process. The SAF has recaptured parts of Khartoum and central Sudan, while RSF remains entrenched in Darfur. Preparations for a broad national dialogue are underway with regional and civil society actors, amid ongoing fighting and shifting alliances.
Oil prices rise as talks over reopening the Strait of Hormuz remain unsettled. Brent nears $90, and U.S. inventories stay tight amid ongoing tensions and political maneuvering.
A new wave of Houthi strikes targets Yemeni government sites and Red Sea shipping, raising fears of a broader return to civil conflict. The attacks follow a series of cross-border strikes and a blockade threat that has intensified regional security concerns.
Houthi attacks on Yemen’s Red Sea coast have intensified, striking Mocha and al-Makha ports as government forces and militants trade strikes across Marib, Taiz and the western coast. The violence threatens shipping lanes, raises regional tensions, and risks drawing in regional powers as talks for a ceasefire stall.
The US has reinforced a naval blockade on Iranian ports, redirecting vessels and disabling non-compliant ships as CENTCOM reports heightened enforcement after a period of increased naval activity. The Vela Nova incident marks the latest in a series of blockades linked to ongoing tensions over the Strait of Hormuz.
Oil prices have risen amid renewed tensions as talks over reopening the Strait of Hormuz face a stalemate. Iran demands compensation and sanctions relief, while US pressures persist. Brent near $90 and US crude around $82, with market participants watching for any breakthrough.
The Mecca Joint Defence Agreement binds Saudi Arabia, Turkey, and Pakistan to mutual defence and deterrence. Signed August 7, it marks a shift toward regional security coordination as US involvement in the Middle East becomes more constrained, with analysts noting the pact may empower regional partners without fully replacing Washington’s role.
The United States has claimed total control over the Strait of Hormuz, vowing to keep the waterway open amid ongoing hostilities with Iran. Washington describes its naval blockade as a “wall of steel,” while Tehran says it will continue to assert influence and imposes potential tolls as talks stall. Oil flows have shifted as attacks and new routes affect trade.
Three missiles fired by Iran-backed Houthis hit a vessel in Bab el-Mandeb, killing six and wounding at least nine. The strike compounds regional instability as fighting intensifies near Mokha and along the Red Sea corridor, threatening global shipping lines.
Iran has said three of its pilots were captured by Qatari forces after Su-24 jets crashed during an operation over Qatar in March. Qatar has denied detaining surviving aircrew, saying its search teams recovered one body and invited Iran to review the rescue operation; Tehran says Doha has not responded to its request to allow an Iranian investigation.
France hosts Prince Mohammed bin Salman as leaders discuss diversifying energy and transport routes, including maritime and rail projects, amid regional and Middle East stability efforts. The Franco-Saudi partnership council is being convened to solidify cooperation.
Sudan's army-backed authorities are promoting a national dialogue while critics demand a ceasefire and addressing root causes. The AU and regional actors are intensifying mediation efforts, with civilians calling for guarantees, justice, and inclusive participation. The landscape remains fragmented as fighting continues.
Israel has launched airstrikes against targets in Syria, citing imminent threats from a Turkish deployment near Aleppo. The move follows recent strikes on Abu al-Duhur airbase and has drawn condemnation from Syria, Turkey, and the US, who call for de-escalation. The situation remains fluid as regional actors weigh their next steps.
The United States is shifting strategy in the Iran conflict, moving from kinetic strikes to economic isolation, while Tehran’s Revolutionary Guard Corps controls key energy chokepoints. Analysts warn that the pivot faces hurdles as major economies resist aggressive oil and energy trade disruption.
The latest sanctions have intensified economic pressure on Tehran as a U.S.-led effort to reopen the Strait of Hormuz stalls. Tehran says it will respond with intensified measures while Washington maintains its economic campaign.
Iran and the United States are locked in a widening standoff over the Strait of Hormuz. Tehran arrays for potential retaliation as Washington expands sanctions targeting Iran’s digital assets, gold, aviation and shipping. Mediators in the region push to reopen Hormuz and end hostilities amid rising economic pressure.
The United States has removed Syria from its state sponsor of terrorism list, and has also delisted the al-Nusrah Front. Damascus says the move unlocks investment and accelerates reconstruction as it seeks to reintegrate with the global economy. Washington frames the step as a path to stability, while analysts caution continued regional risks.
Israel has secured a nearly €3 billion defense export deal with Greece, delivering a multi-layered air‑defense array including David’s Sling, SPYDER and BARAK MX, plus radars and a national command system. A supplementary €26 million deal covers Rafael’s Drone Dome. The package elevates relations amid regional tensions and Europe’s security recalibration.
Clashes between Yemen's government forces and Houthi rebels have intensified across Taiz and Hodeidah, with the Bab al-Mandab chokepoint at risk as both sides push for strategic coastal gains. Dozens of combatants and civilians have been killed in the latest fighting, and thousands have been displaced.
The conflict in Yemen has escalated with airstrikes and rocket fire around the Bab al-Mandab Strait. The Houthis have targeted positions across Jawf, al-Bayda, Marib, and Taiz as fighting intensifies, leaving hundreds displaced and more than 300 dead. The UN warns that continued fighting threatens civilian safety and any political settlement.
A U.S. strike hit a wedding home in Kuhestak, Iran, killing several civilians including a child and injuring dozens. Tehran says the attack amounts to a crime, while Washington says it never targets civilians as fighting widens across the region.
Haaretz reports that UAE President MBZ warned Netanyahu a major Hamas operation was planned; Netanyahu’s office rejects the claim as an absolute lie. The Times of Israel notes the context of a broader dispute ahead of Israel’s elections, with competing narratives about warnings and security lapses.
The Houthis have targeted Saudi energy sites, injuring dozens as a coalition response vows to deter the group. Attacks hit Abha, Khamis Mushait, Jazan and Najran, triggering fires at energy facilities and halting some operations. The conflict near Bab al-Mandeb intensifies amid broader Yemen-Saudi hostilities.
The United States has launched strikes after Iranian tankers were attacked, while Iran vows retaliation. The Revolutionary Guard warns tanker crews near Kuwait and Bahrain to evacuate as both sides press a dual economic and military campaign in the Strait of Hormuz, where roughly one-fifth of global oil shipments pass.