A sea inlet of the Indian Ocean, between Africa and Asia, vital for global shipping
The Office for National Statistics has reported UK consumer price inflation has fallen to 2.6% in June, down from 2.8% in May — the weakest reading since March 2025. Falls in motor fuel, food and clothing prices have driven the drop, but renewed Middle East fighting and a higher Ofgem cap mean officials expect inflation to rise again later this year.
Oil prices have fallen more than 6% after the United States and Iran paused attacks over the weekend, easing immediate shipping risk through the Strait of Hormuz and sending Brent toward $90 a barrel. Traders remain cautious: Houthi strikes in the Red Sea and depleted emergency stockpiles are keeping upside risks to prices in place.
A series of US and Iranian strikes has escalated tensions around Hormuz and Bab al-Mandeb, threatening global energy routes. Tehran has warned it may shut Bab al-Mandeb if attacks continue, while the US targets Iranian command networks and drone facilities. The conflict has drawn in Gulf and regional actors, with potential wider implications for shipping and oil prices.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
The United States is pressing Iran over the Pickaxe Mountain site near Natanz, with multiple outlets reporting continued construction, potential centrifuge activity, and warnings of imminent strikes as the war escalates. President Trump has warned of heavy action, while analysts debate the site’s depth and capabilities. International inspectors have not accessed the facility.
The Iran-aligned Houthis have declared an immediate maritime embargo against Saudi ships at Bab el-Mandeb, citing what they call an oppressive siege on Yemen. The move threatens Red Sea navigation and Saudi oil exports, as ships reroute and insurers weigh risks. The threat comes amid rising regional tensions and recent attacks along major shipping routes.
Drones and missiles target Saudi energy infrastructure amid a broader surge in US-Iran hostilities. Riyadh says the attacks were launched from Iraqi territory by Iran-backed militias; Iraqi authorities condemn the strikes while Yemen’s Houthis claim to have attacked Saudi shipping. The lull in fighting is punctuated by new strikes across the region as mediators push for talks.
Netanyahu has met with Trump at the White House for discussions on Iran’s nuclear ambitions amid ongoing US-Israeli hostilities. Talks aim to coordinate strategy on Iran, with emphasis on preventing nuclear development and managing wider regional tensions. The week features high-stakes diplomacy and looming electoral tests in both countries.
Vessel transits through the Strait of Hormuz have risen this week amid shifting navigation guidance and ongoing tensions between Iran, the U.S., and Oman. Observers report mixed routes with a northern Iranian corridor and a southern Omani corridor, while the broader risk to shipping remains elevated.
Cunard’s Queen Victoria will enter Rotterdam drydock from 17 Oct to 5 Nov 2026 for a refurbishment that adds cabins, a wellness cafe and updated public spaces. Queen Victoria will return to service on 7 Nov 2026 for Mediterranean, Norwegian fjords and Canary itineraries.
Coalition spokesperson has said the group’s threats to Saudi Arabia are an attempt to divert attention from Yemen’s humanitarian crisis. The United Nations and regional partners are urged to move from condemnation to deterrence as tensions rise around shipping routes in the Red Sea and Bab al-Mandab.
Multiple vessels in the Red Sea have reported attacks or near misses amid a fragile U.S.-Iran ceasefire. UKMTO confirms an incident southwest of Hodeidah; authorities are investigating and shipping is advised to transit with caution. The broader context involves ongoing tensions in the region and shifting energy flows.
Yemen’s internationally recognised government and Houthi forces are mobilising along multiple fronts amid renewed clashes near Hodeidah. Reports confirm deadly exchanges in Jabal Dabbas and Hays district, with a sharpened U.N.-brokered truce under pressure. The government has reinforced positions on the western coast while the Houthis threaten airports and shipping routes in the Red Sea.
The US has carried out repeated air and naval strikes across Iran to degrade Tehran's ability to threaten shipping in the Strait of Hormuz. Iran has responded with missile and drone attacks on US bases and Gulf allies, and the IRGC has warned civilians near US forces to stay away; the exchanges have closed much of the strait and pushed oil prices higher.
The United States has intensified strikes against Iran to degrade its ability to threaten civilian shipping through the Strait of Hormuz. Iran has responded with missiles and drones against Gulf states and threats to close the strait. The interim US-Iran truce appears increasingly fragile as both sides escalate.
Vessel traffic through the Strait of Hormuz has slowed to multi-week lows as renewed U.S.–Iran strikes escalate the crisis. Oil shipments and prices are affected, with both sides targeting shipping routes and infrastructure. Analysts warn announcements of ceasefires have not stabilized the Strait. The situation is evolving this week.
Yemen's Houthi movement has declared an immediate maritime embargo against Saudi Arabia, saying it will close the Bab al‑Mandab to Saudi vessels in retaliation for a reported Saudi blockade of Houthi ports and last week's strikes on Sanaa airport. The announcement has raised fears of renewed attacks on Red Sea shipping and wider disruption to oil routes that already bypass the Strait of Hormuz.
Oil prices remain near multi-week highs as tensions surrounding the Strait of Hormuz escalate. The US has reimposed a naval blockade on Iran, Iran warns it will respond, and analysts expect intermittent supply disruptions to keep prices elevated in coming quarters.
The United Arab Emirates is pursuing a new port and container terminal on Fujairah’s east coast to reduce dependence on Jebel Ali and avoid the Strait of Hormuz. DP World is in talks to develop the site, with plans for a new multipurpose port and a terminal at the existing harbour, amid ongoing clashes linked to Iran’s attacks and U.S. and Israeli actions. Experts say the move signals a push for regional resilience as shipping routes face disruption.
Yemen’s Houthis have escalated tensions by declaring a maritime blockade against Saudi Arabia in response to attacks on Sanaa airport. The move follows recent strikes and missile exchanges with Saudi forces, risking a broader regional confrontation that could disrupt global oil flows via the Bab al-Mandeb Strait.
The conflict between the United States and Iran has intensified, with U.S. airstrikes targeting Iranian infrastructure and Iran responding with strikes and disruptions around the Strait of Hormuz. Oil prices rise as shipping through Hormuz tightens, while regional actors report ongoing fighting and injuries.
As tensions persist over control of the Strait of Hormuz, regional players are pursuing alternative export routes and pipelines. The latest reporting shows Oman and Iran debating management models while the US maintains pressure through sanctions and military moves. Oil markets remain volatile as countries explore bypass options.
The Islamic Republic has discussed a possible move with its Houthi allies, and Tehran has informed the group recently. The Houthis are said to be prepared to act near Bab al-Mandeb, risking disruptions to Red Sea shipping and adding pressure to global energy markets as tensions with the United States escalate.
A Tanzania-flagged tanker, MT Astana, has been hijacked by seven armed Somali pirates off Yemen, and is now held off Puntland’s Bari region. The vessel, en route to Bosaso, was moving slowly with a distress signal, and navies are coordinating responses amid a renewed piracy wave.
Several ships have been struck in the Strait of Hormuz as Iran continues attacks on commercial shipping. The incidents have reduced traffic and heightened risk for crews, with Indian seafarers among those killed or injured. The United Arab Emirates and Oman report ongoing threats, and international pressure calls for de-escalation.
The Strait of Hormuz remains a focal point as renewed US and Iranian strikes have disrupted shipping, pushed oil prices higher, and drawn in regional powers. Oil flows through Hormuz have slowed, tanker traffic is volatile, and regional leaders warn of broader conflict.
Gas prices remain elevated amid renewed fighting in the Iran conflict. National averages hover near $4 per gallon, with regional spikes in California and the West Coast. Polls show voters connect gas costs to broader inflation and political stakes ahead of midterms.
Renewed US–Iran strikes and a US naval blockade have pushed oil above $90 a barrel and cut tanker traffic through the Strait of Hormuz. Shipping, insurance and refining costs have surged faster than crude, lifting diesel and jet-fuel premiums and pushing US pump prices toward $4 a gallon; analysts warn sustained disruption will force further price rises.
The US has continued strikes on Iran across the region, while Iran and allied forces push back with drone and missile attacks on US bases in Bahrain, Jordan and Kuwait. Tehran has rejected ceasefire proposals, and global markets watch for repercussions as shipping routes face renewed disruption.
The Houthis have declared a maritime blockade of Saudi Arabia, drawing new attacks and causing vessels to reroute through the Red Sea. Oil prices are rising as ships alter course to avoid Bab el-Mandeb and Hormuz chokepoints, with implications for global trade.
Global tensions over the Strait of Hormuz have intensified as U.S. and Iranian strikes continue, disrupting shipping, triggering energy price volatility, and drawing regional powers into mediation efforts. Diplomatic talks pause but remain a possibility as both sides seek a path to de-escalation.
The U.S. has intensified air strikes in response to Iranian attacks on shipping near the Strait of Hormuz. Casualty tallies are disputed as Pentagon data shifts and new categories appear on the casualty system. Diplomatic efforts show no immediate progress amid renewed tensions over shipping routes.
The U.S. and Iran have intensified strikes around the Strait of Hormuz amid threats from Yemen’s Houthis, with global oil markets reacting as oil prices top $100 a barrel. CENTCOM says the latest actions aim to degrade Iran’s ability to threaten civilian shipping, while regional actors report cross-border strikes and casualties.
The National Defense Authorization Act has cleared the House with a 216-212 vote, boosting military spending and strengthening US-Israel defense cooperation. The measure now faces Senate scrutiny, with Democrats criticizing the price tag and war-related provisions while Republicans defend funding for readiness and security. The package also includes provisions tied to the SAVE America Act and election-related funding.
UNAMA has documented 499 civilian deaths and 1,216 wounded from fighting between Pakistan and Afghanistan, including a deadly airstrike in Kabul and a second strike on civilians attempting rescues. The report highlights women's rights restrictions and a crackdown on protests, with Pakistan and Afghanistan trading accusations.
The Red Sea incident has intensified a U.S.-Iran clash over the Strait of Hormuz. The Houthis claim strikes on two Saudi-linked tankers, while U.S. forces have conducted strikes against Iran to degrade its ability to threaten maritime traffic. Diplomacy shows no clear progress.
Yemeni authorities have moved to resume crude exports from Hadramout and Al-Dhabba ports, directing revenues toward salaries and services. Security forces are tightening patrols around oil facilities and transport routes amid rising tensions with the STC and ongoing clashes with the Houthis. Officials warn that resuming exports will require robust protection for pipelines and ports, and that trust from buyers hinges on sustained security.
Yemen’s Houthi forces have claimed missile, cruise missile and drone strikes on two Saudi oil tankers, Encelia and Layla, in the Red Sea after declaring a naval blockade of Saudi ports. Saudi and maritime authorities have reported a fire aboard one tanker; US Central Command has carried out further strikes on Iranian targets while regional attacks and counter‑measures have intensified.
The Strait of Hormuz remains a flashpoint as Iran’s blockade pressures oil markets. Gulf states are accelerating pipeline projects to reroute crude to Fujairah and Turkish ports, aiming to reduce reliance on Hormuz. Iraq, UAE, Saudi Arabia, and others say new routes will begin diverting millions of barrels daily within the next few years, though pipelines remain vulnerable to attacks.
Futures prices have risen as the Yemen-based Houthis declare a naval blockade on Saudi shipping, raising the risk to Red Sea and Hormuz transit. The move coincides with attacks on Saudi tankers and a broader confrontation involving the United States, Iran and regional actors.
The reports indicate IRGC commanders and equipment have been transferred to Yemen on July 13 to bolster Houthi capabilities, with potential implications for Red Sea shipping and regional security.
The United States has launched durable 10%–12.5% tariffs on imports from 60 economies, arguing they fail to enforce bans on goods produced with forced labor. The move takes effect as temporary levies expire, with exemptions for certain products and countries meeting compliance. Analysts warn prices could rise for consumers amid ongoing debates over trade policy.
Oil prices have reversed earlier declines after renewed attacks and threats to block Red Sea shipping. Brent trades near $100 a barrel as markets weigh supply risks from Middle East tensions and disruptions to tanker routes.
Venezuela has informed the UN of its irrevocable decision to withdraw from the International Criminal Court, citing a demonstrated geographical bias favoring Africa and Latin America. The move comes as the ICC faces ongoing probes into crimes against humanity and as pressures from the United States intensify against the court.
The conflict in the Middle East is intensifying as Yemen's Houthi rebels claim missile strikes on Saudi targets, prompting responses from Saudi-led forces and US officials. Washington is weighing strikes on Iran as the region sees a widening front, with naval blockades and interceptions shaping an increasingly volatile Red Sea corridor.
Scientists say humpbacks have rebounded since the 1986 global ban, with a record group of about 299 seen off South Africa. The recovery follows the whaling moratorium, but threats like entanglement and shipping remain; new risks are emerging around Africa amid regional conflicts and security shifts in global trade routes.
The United States has paused nightly airstrikes on Iran and Tehran has halted retaliatory attacks for at least two days while mediators from Qatar, Pakistan and Oman exchange messages. Advisers warned President Donald Trump that continued strikes risked depleting munitions and running out of targets; oil prices have fallen as markets price the lull.
The weekend has seen a pause in Iran’s retaliatory strikes as talks with Oman progress on safe passage through the Strait of Hormuz. The US has held off further strikes, while Yemen’s Houthi actions have expanded and crude prices have eased from earlier spikes, though Brent remains above $90 a barrel.
The Houthis have declared a maritime blockade against Saudi Arabia, citing an eye-for-an-eye logic after Sanaa airport was attacked. The move threatens Red Sea shipping, while tensions draw in the US and Iran amid broader regional pivot in energy routes. Analysts warn of renewed conflict and humanitarian risk as oil flows face disruption.
Fears are rising that renewed fighting between Saudi Arabia and Yemen’s Houthi rebels may destabilise the Arabian Peninsula. The two sides have exchanged strikes, with Houthis claiming fresh drone strikes on Saudi oil infrastructure as Riyadh warns of escalation. The situation has prompted concerns about control of Bab al-Mandeb and broader energy routes.