Sultanate on the southeastern Arabian Peninsula; longstanding independent state since 1744
The Iran‑aligned Houthis have seized Yemen’s Red Sea coast and key islands in the Bab al‑Mandeb Strait this week, including Mocha, Mayyun (Perim) and the Hanish islands, after government forces withdrew. Saudi and pro‑government forces have launched air strikes in response. The offensive has killed hundreds, displaced tens of thousands and pushed oil prices above $100 a barrel.
The latest round of tit-for-tat strikes has targeted Iranian oil tankers and U.S. ships in the Gulf of Oman and near Kharg Island, with Iran and the U.S. exchanging retaliatory blows. The flare-up follows Houthi attacks on Saudi facilities and heightens fears for global oil shipments through the Hormuz chokepoint.
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.
The Pentagon inspector general has published a costly update on Operation Epic Fury, estimating $33.4 billion in costs through June, with $22.3 billion spent on expended munitions. The report notes strategic inventory shortfalls and bottlenecks in munitions resupply, while authorities say procurement and stockpiling measures are being streamlined.
Multiple ships have been hijacked or threatened off the Somali coast and Gulf of Aden this year. The latest incidents include a brief hijack near Yemen, a release of MV Sward after a ransom, and the continued seizure of four tankers. International forces are monitoring the resurgence as attacks rise to levels not seen since 2013.
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.
Israel and Lebanon will meet in Rome in October to discuss a US-brokered security arrangement intended to ease border hostilities. The talks follow rounds in Rome that ended without a breakthrough on territorial issues. The negotiations aim to restore Lebanon’s sovereignty and Israel’s security, with ambassadors to meet in Washington next week.
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.
The USS Abraham Lincoln has made a brief port call at Laem Chabang, Thailand, allowing about 5,000 sailors and Marines to rest after a record, months-long deployment supporting US operations against Iran. Thai authorities are managing transport, security and restrictions in Pattaya while US officials deny widespread failures in shipboard conditions.
Schools and families have been preparing for the new term while arguing over how to support pupils' mental health. Local NHS and charity services are offering practical tips for first-day anxiety, researchers have reported mental-health gains where communities delay smartphones, and teachers and parents are adapting volunteering and transitions to reduce stress.
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.
The US Treasury has announced "Operation Economic Outcast," expanding secondary sanctions and targeting Iran's digital assets, technology, gold, aviation and shipping to sever Tehran's revenue streams. Washington has designated about 60 individuals, companies and vessels worldwide; Iran says it is prepared with contingency plans and vows to pursue both defence and diplomacy.
The Trump administration has mobilized a broad sanctions push to choke Iran’s economy while coordinating with G20 partners. Officials say secondary sanctions will target countries and firms doing business with Tehran, with a looming wave of penalties expected to press Iran’s leaders toward a deal. The effort unfolds amid a tense stand-off in the Middle East and global energy-market jitters.
The Strait of Hormuz has seen mines cleared, enabling greater tanker traffic. Iran and Oman are negotiating a temporary corridor while broader management of the strait remains under discussion. Sanctions and regional tensions continue to shape energy markets.
Transfer deadline day has arrived as clubs across Europe rush to finalize deals. Chelsea and Arsenal are eyeing changes, while City, Liverpool and United are weighing late moves. MLS also aligns with European timings, boosting chances to scoop top international talent as deadlines loom.
The Strait of Hormuz remains a focal point in the ongoing conflict. The US has pursued an open-ended economic strategy to pressure Iran, while regional diplomacy seeks a safer passage. Several sources indicate tactical gains for the US and renewed talks, but no durable off-ramp has been established.
Armed attackers have raided cattle camps and villages in Warrap State, South Sudan, killing at least 49 and wounding 33. The violence follows a surge in inter-communal cattle raiding and clashes tied to a broader power struggle. The government is calling for humanitarian aid while UN agencies warn of growing displacement.
US forces have carried out strikes on Iranian rocket launchers on Larak Island after they detected efforts to deploy rockets with naval mines into the Strait of Hormuz. Iran has launched missile and drone attacks at US bases in Jordan and the UAE in response. Both sides are signalling readiness to hit back again while diplomatic and economic pressure continues.
Iran’s economy is under growing pressure as the US tightens sanctions and a blockades affect Hormuz, with official figures and independent analyses showing currency depreciation, soaring inflation, and hardship for ordinary Iranians. Tehran signals resilience and seeks a path to peace, while allies weigh how to respond.
Iran continues to push for de-escalation and a reopening of Hormuz as sanctions bite. Tehran reports progress with Oman on a temporary corridor, while inflation soars and imports fall, in a war that has disrupted global energy routes.
The U.S. has struck two Iranian rocket launchers on Larak Island as it continues to block the Strait of Hormuz, with mines and missiles threatening global energy routes. The IRGC vows retaliation, while oil markets respond to the disruption of shipping through a critical waterway.
Brent crude has climbed toward $97 a barrel after renewed exchanges of strikes between the United States and Iran over the past week. US strikes have hit sites along Iran's southern coast while Iran has attacked US-linked vessels and bases in the region; shipping through the Strait of Hormuz remains constrained and US pump and diesel prices have risen.
Iran and the United States remain locked in a volatile standoff over a June ceasefire framework. Iran says it will reciprocate if the US returns to commitments under the MoU, while regional diplomacy at the SCO summit in Kyrgyzstan seeks to de-escalate and reopen Hormuz. Attacks in the Strait of Hormuz continue, and allied diplomacy intensifies.
The IAEA board has referred Iran to the UN Security Council after finding Tehran has not cooperated with inspectors and the agency has lost access to sites hit by strikes. Austria has denied a visa to Iran's nuclear chief, Mohammad Eslami, after a U.N. sanctions committee refused an exemption; Iran and allies have condemned the decision and the U.S. registered the committee objection.
Israeli strikes in southern Lebanon have killed civilians and damaged infrastructure amid ongoing clashes with Hezbollah. The target areas include Kfar Rumman, Nabatieh, and surrounding towns as diplomatic efforts to disarm Hezbollah and withdraw Israeli forces continue under a US-brokered framework. The toll includes women, children, and rescuers, with casualties and displacement prompting international concern.
Ukraine has warned airlines and insurers that expanding Ukrainian drone strikes have made Russian airspace unsafe for civilian flights. President Volodymyr Zelensky has said Ukraine is not targeting civilian aircraft but that "drone‑infested skies" require airlines to rethink routings. Moscow has called the warning "state terrorism" and pledged to protect airports and keep services running.
The USS Lincoln has arrived in Thai waters after a record-breaking deployment of 286 days at sea, amid reports of crew stress and food shortages. Sailors are heading home as another port stop nears, while vendors and locals in Pattaya react to the visit.
The United States and Iran remain in a strained confrontation as sanctions, naval blockades, and economic pressure persist. Reports show rising fuel costs and public discomfort at home, while Iran faces internal pressures amid energy shortages and crackdowns on protests. Political leaders debate the legality and scope of the conflict, with midterm dynamics shaping how aggressively the administration pursues escalation or restraint.
Argentina's president Javier Milei has reasserted Argentina's claim to the Falkland Islands, said he will punish companies drilling near the islands and ordered investigations into 45 entities linked to hydrocarbon exploration. The UK and Falkland Islanders have reiterated their support for self‑determination, while companies involved in the Sea Lion oil project have said development will continue.
OPEC+ has kept October output targets unchanged while it reviews capacity and sets 2027 baselines, amid Iran disruption and discussions on unwinding current cuts. The group plans to pause further increases in Q4 as it evaluates members' capacity and future quotas.
Gas prices have reached Labor Day highs as US-Iran hostilities persist and a Venezuela oil deal faces questions over enforceability and impact on supply. Officials see potential downward pressure as demand cools after summer, but uncertainty remains about how quickly prices will fall.
The International Court of Justice is hearing Germany’s objections to Nicaragua’s genocide case, arguing the court lacks jurisdiction and that key claims are inadmissible. The hearings come amid ongoing Gaza violence and a wider legal battle over Israel’s actions in the territory. Germany is defending its arms exports while Nicaragua accuses Berlin of facilitating genocide through support for Israel.
Iran has announced a new, inland sanctions zone around the Strait of Hormuz, starting from the US naval blockade line and extending into Gulf waters. Tehran says ships entering the zone will be placed on sanctions lists, with potential insurance and transit consequences. The move follows recent clashes and US strikes on Iranian tankers, as Iran seeks to pressure Washington.
Iran's state media has touted a new missile test against a US warship, with Tehran claiming a turning point in its defense. The US has hit Iranian oil tankers in response, and both sides warn of further escalation as shipping through the Strait of Hormuz remains contested.
The U.S. has struck Iranian oil tankers, prompting retaliatory actions from Iran and attacks on a U.S.-linked base in Jordan. Tankers are waiting to transit Hormuz, raising the risk of major oil spills and wider conflict as global shipping faces disruption.
Algeria has severed diplomatic relations with the United Arab Emirates, accusing Abu Dhabi of repeated "provocative and hostile" actions. The foreign ministry has given the UAE ambassador 48 hours to leave and has closed Algerian airspace to UAE aircraft while allowing commercial flights to and from Algiers until end-2026.
The New Mexico Supreme Court has fined attorney Stephen Aarons $5,000 for preparing a court brief with AI-generated content that included fabricated witnesses and false testimony. Aarons says he used ChatGPT to summarize the trial but did not understand AI hallucinations. The ruling highlights growing concerns over AI in legal filings, with disciplinary action possible.
Oman has postponed a planned regional meeting on the Strait of Hormuz, with Iran and Gulf states expected to discuss future management of the strait. Tehran and Muscat have been pursuing a regional framework, amid sanctions, blockades, and rising oil prices. Bahrain says it will not attend until diplomatic ties with Iran resume. The pause preserves room for dialogue while signaling regional actors seek stability.
The Houthis have seized the Yemeni coast on the Red Sea, expanding control over a vital waterway, while Iraqi groups are blamed for disrupting Saudi oil exports. The US has restricted tanker movements through the Hormuz Strait to protect ships, and neighbouring Gulf states discuss safer routes in Oman amid ongoing tensions.
Trump has reiterated that the Iran war should end this year and links the outcome to oil policy, saying the U.S. could stay and keep the oil like Venezuela if negotiations stall. He also notes that gasoline prices would drop once the conflict ends, as diplomacy stalls over the Strait of Hormuz.
The Pentagon inspector general has released a report detailing the costs of the Iran war in lives, money and damage. The document covers April 1 to June 30 and shows damage to US bases across the region, hundreds of damaged aircraft, and thousands of drones and missiles shot down. It notes logistical challenges, evacuations, and large-scale defense spending, with figures including roughly $184 million in damage to diplomatic facilities and $33.4 billion in overall costs for the period.