Military and medical sources in Dubai reported that 81 individuals were killed in Friday clashes between Yemen's Houthis and Saudi-backed forces, following a Houthi ground and aerial assault aimed at controlling the Bab el-Mandeb strait. Officials stated that the rebels captured elevated positions near Khokha and Taiz, potentially threatening shipping lanes, though specific casualty breakdowns and tactical claims remain based on anonymous or conflicting reports.

Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given that major combat operations ended several weeks ago — even though military strikes recently intensified in the region. Bloomberg's Abeer Abu Omar has the latest.

Sep 4th, 2026 US VP Vance on Iran Conflict: “I Wouldn’t Call it a War” | Daybreak Europe 9/4/2026 Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia.

And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given that major combat operations ended several weeks ago — even though military strikes recently intensified in the region.

Global stocks extended their advance as easing bets on a Federal Reserve interest-rate hike this month lifted sentiment. And Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker.

Jordan, a U.S. ally hosting American military forces, has faced repeated drone and missile attacks, which reports suggest are linked to Iranian operations, alongside broader economic challenges and regional instability. Despite these security risks, Jordanian officials have affirmed their commitment to the alliance, while King Abdullah II warned that current global and regional disruptions pose a broad threat to international stability.