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Riyadh says the drones came from Iraqi territory but has deferred retaliation while Baghdad investigates, placing a vital Hormuz-bypass route under new pressure.

The record national average extends the Iran war’s energy shock into freight, farming and consumer prices, complicating the inflation outlook.

Monday’s regional meeting will test whether Tehran and its neighbours can turn a temporary shipping arrangement into a more durable security framework for the disrupted energy corridor.

Separate calls involving Pakistan's defence chief and Saudi Arabia's foreign minister show Islamabad trying to contain regional spillover without promising military action.

Transponder data cited by Meduza showed traffic halving from the preceding ten-day average as renewed fighting again constrained a critical energy corridor.

The meeting followed Houthi advances near Bab al-Mandeb and cross-border attacks, with diplomats warning that renewed warfare threatens civilians, aid operations and international shipping.

At the 25th-anniversary ceremony, the president and defence secretary connected remembrance of the 2001 attacks with the administration’s continuing military campaign against Iran.

The admission raises questions about the future of the Fifth Fleet’s principal regional hub as renewed attacks keep Gulf bases and shipping routes under pressure.

Treasury Secretary Scott Bessent says the next financial penalty will extend Washington’s campaign to isolate Iran, but the institution has not been identified.

August price data leave the Federal Reserve facing a difficult rate decision while expensive fuel transmits the Gulf conflict into household budgets and transport costs.

The capture places Houthi forces on the island dividing the strategic waterway’s two shipping channels and raises new risks for Red Sea traffic.

Ken McCallum says Britain must connect government, business and academia as strategic threats increasingly converge with persistent terrorism risks.