Yemen’s leadership called for mobilization as Houthi gains near the Red Sea and Bab el-Mandeb raise risks for oil flows, shipping and energy prices.
Russia’s ship registry grew 36% as sanctions pressure pushed shadow-fleet vessels toward Russian flags, CREA said.
Trump signed the Graham sanctions bill, giving the White House new tariff powers over major buyers of Russian energy.
Houthi forces captured Yemen’s port city of Mocha, increasing market concern over Bab el-Mandeb shipping risks and potential oil price pressure.
US military deaths in the Iran conflict have reached 17 after a soldier was killed during the detonation of Iranian explosives in Iraq, with US forces escalating military deployments amid rising tensions.
The EU cuts duty-free steel import quota by 47%, imposing a 50% tariff on excess imports to protect its steel industry and counter China's market advantage.
The Strait of Hormuz will reopen immediately after US and Iran sign a peace memorandum, ending port blockades and easing energy market tensions.
The EU and Mexico have signed a major trade agreement eliminating most tariffs and easing trade barriers, aiming to boost exports, investments, and sector rotation by 2030.
The EU and Mercosur launched a provisional free trade zone impacting automotive, machinery, and pharmaceuticals, with key regulatory hurdles and environmental concerns pending resolution.
Turkey is actively working to resume peace talks between Russia and Ukraine, positioning itself as a key diplomatic intermediary amidst escalating regional conflicts.