Government forces launched fresh offensives across multiple Yemeni front lines, and a tightening blockade increasingly threatens the besieged city of Taiz. The death toll from fighting in Shabwah province keeps rising.

The UK announced it will provide additional defensive military support to Saudi Arabia as Houthi attacks escalate in the region. London frames the deployment as defensive support rather than a combat mission.

Oil companies are weighing how to spend windfall profits after the Strait of Hormuz disruption pushed energy prices to multi-year highs. Trading desks have profited from the volatility stemming from the Iran war, adding pressure on producers to decide between investment, dividends and buybacks.

Vice President JD Vance declined to follow President Donald Trump in endorsing Israeli Prime Minister Benjamin Netanyahu ahead of Israel's election, saying he would not get involved in Israeli politics. The split comes a week before Israelis vote and after Trump publicly backed Netanyahu's bid for re-election.