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strikeApr 14, 2026

Trump, Iran loom over this week’s global economic meetings | Flipboard

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Trump, Iran loom over this week’s global economic meetings More stories from POLITICO Join the flipboard community Discover, collect, and share stories for all your interestsSign up More stories from Iran War Iran war: US blockade of Hormuz tests China's restraint China, the largest buyer of Iranian oil, is weighing the fallout of the US naval blockade of Iran's ports and ships in the Strait of Hormuz. Could … Pope Leo urges temperance in new letter after Trump and JD Vance attacks Pope Leo has warned of the risk of democracies sliding into "majoritarian tyranny" in a letter issued by the Vatican after U.S. President Donald … US wholesale prices surged 4% last month after the war in Iran sent energy prices flying WASHINGTON (AP) — U.S. wholesale prices surged last month as the Iran war drove up the cost of energy. The Labor Department reported Tuesday that its producer price index — which measures inflation before it hits consumers — rose 0.5% from February and 4% from March 2025. The year-over-year gains …

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    Trump, Iran loom over this week’s global economic meetings More stories from POLITICO Join the flipboard community Discover, collect, and share stories for all your interestsSign up More stories from Iran War Iran war: US blockade of Hormuz tests China's restraint China, the larg

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DUBAI: Clashes between Yemen's Houthis and Saudi-backed government forces have killed 81, military and medical sources said on Friday (Sep 4), as the Iran-backed rebels push towards territory bordering a chokepoint in the strategic Red Sea. Fighting erupted on Thursday, after the Houthis launched a ground assault along with rocket and drone attacks near coastal areas, vying for control of the narrow Bab el-Mandeb strait at the Red Sea's southern entrance.

The Houthis have repeatedly attacked Saudi ships in recent weeks in the Red Sea, which has emerged as an alternative route for oil exports after Iran all but halted shipments from the Gulf by blockading the Strait of Hormuz. The rebels are now trying to cement their hold over one of the world's busiest shipping lanes, which they have disrupted with attacks on passing vessels since the Gaza war broke out in 2023.

The Houthi offensive aims to cut off the government-held port city of Mokha, under fire for weeks, and advance towards areas bordering the Bab el-Mandeb, military sources told AFP. The rebels have seized elevated sites overlooking government positions near the Red Sea, the coastal town of Khokha and Taiz city further inland, a military source and a Taiz official told AFP, requesting anonymity.

The Houthis could target ships from these elevated positions, they said. A military official on the coast said 24 of his men had been killed, while another in the Taiz area said 15 had died there. At least 42 Houthi militants were also killed, according to medical sources in areas under their control.

REINFORCEMENTS SENT The Houthis want to control the hills overlooking Bab el-Mandeb and Mokha before attacking the coast, a Yemeni official in Aden, the government's base since it was ousted from the rebel-held capital, Sanaa, in 2014. The government has sent reinforcements to Taiz from Aden on Saudi orders, the official said.

With Iran's closure of Hormuz, the Bab el-Mandeb chokepoint has gained increased importance as a transit route for oil from Saudi Arabia, the world's biggest exporter of crude. The narrow waterway connects the Red Sea - and, via the Suez Canal, the Mediterranean - to the Indian Ocean.

Although the Houthis do not control areas bordering Bab el-Mandeb, they hold the key port city of Hodeida north of Mokha. In July, a fragile truce between the Houthis and the government fell apart after the rebels welcomed an Iranian plane to Sanaa, setting off a spate of attacks.

They later announced a maritime blockade of Saudi Arabia and began hitting its ships and territory as Yemen, following more than a decade of civil conflict, became the latest country drawn into the Middle East war.

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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.

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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.

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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.

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