Breakfast News Recap: Hormuz tensions, Ukraine pressure and Yemen fighting dominate a busy briefing

The biggest market and security story was the sharp rise in Middle East shipping risk, after the United States began telling oil tankers in the Strait of Hormuz to travel at specific times if they want military protection. The move underlines how exposed the waterway has become as tensions rise around Iran and the wider Gulf.  🔗

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Iran said it will meet Gulf states and Iraq in Oman on Monday to discuss the Strait of Hormuz and regional security, while Saudi Arabia kept its East West pipeline shut for a second day after a drone attack launched from Iraq caused injuries and material damage. Together, the developments point to a widening energy security threat across the Gulf.  🔗  🔗

In Yemen, the Houthis were reported to have seized Perim Island and Mokha, tightening their grip on the Red Sea shipping lane and the Bab al Mandab approach. Separate reports said Houthi forces advanced across the Tihamah coast, and that the latest fighting has displaced more than 46,000 people, deepening the humanitarian toll.  🔗  🔗  🔗  🔗

Ukraine pressed its allies for tougher action after another deadly strike on Kyiv, with President Volodymyr Zelensky urging Donald Trump to impose new sanctions on Russia immediately. A senior United Nations official also warned that Ukraine faces its toughest winter since the full scale invasion began in 2022, as attacks continue to strain power and water networks.  🔗  🔗

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Elsewhere in Europe and the wider security picture, declassified UK files showed officials warning about Israeli abuses during the 2002 West Bank offensive, while Israel Lebanon talks in Rome were delayed until October amid renewed strikes. Russia also returned a naval convoy to the Mediterranean, with ships reaching Tartus under close NATO surveillance.  🔗  🔗  🔗

In Asia, Xi Jinping arrived in New Delhi for the BRICS summit, his first visit to India since 2019, as the gathering opened against a backdrop of wars and trade tensions. On the Korean peninsula, North Korea fired multiple short range ballistic missiles toward the East Sea after joint drills by South Korea, the United States and Japan.  🔗  🔗

At the United Nations, the Security Council unanimously extended its partial arms embargo on Sudan’s Darfur region for one month while members continue talks on wider sanctions. In the Americas, Mexican authorities rescued eight people from a suspected CJNG secret clinic in Jalisco, and US federal cases in Oklahoma led to sentences for a felon in possession firearms case and an unlawful reentry case.  🔗  🔗  🔗  🔗

In the United States, the country marked the 25th anniversary of the 11 September attacks with ceremonies in New York, Washington and Pennsylvania, while the CIA released 71 declassified presidential briefs showing warnings about al Qaeda years before the attacks. In Congress, UK lawmakers rejected the assisted dying bill after a narrow Commons vote, and President Trump separately posted a promise of a 5,000 dollar dividend to all US adults tied to economic gains.  🔗  🔗  🔗  🔗

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On the economic front, the European Central Bank’s chief economist defended the latest rate rise as a measured adjustment, saying inflation remains above target.  🔗

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