Iran’s Islamic Revolutionary Guard Corps announced a shift to an "offensive" defense doctrine, stating that renewed US attacks could trigger strikes on neighboring countries and US military bases. Concurrently, the US ordered some diplomatic staff to leave Saudi Arabia amid Houthi attacks and reports of potential US-Israeli strikes on Iran, while diplomatic efforts to end the ongoing conflict remain stalled.

Global equity markets declined amid escalating geopolitical tensions, including reported Houthi strikes on Saudi infrastructure and U.S. embassy evacuations in Riyadh, which contributed to oil prices rising to $112 per barrel. Market sentiment was further weighed down by reports of Iran’s shadow fleet oil supplies to China being exhausted and Tesla’s 5.

35% after-hours drop following a reduction in its 2026 capital expenditure guidance.

Russian authorities reported intercepting 163 drones, a claim that has not been independently verified. Concurrently, officials stated that overnight strikes resulted in 15 injuries in Kyiv and two in Moscow.

US and Israeli officials report that military planning is underway for potential strikes on Iranian targets, including energy and nuclear infrastructure, following next month's midterm elections, with recent exercises and high-level meetings cited as evidence.

However, the likelihood of these operations proceeding remains uncertain, as President Trump has previously vetoed similar plans, and analysts question whether renewed conflict would yield better results than the earlier phase of hostilities.