Houthis seized Mocha on the Red Sea; Trump said the Iran war ends after the midterms and threatened Pickaxe Mountain; and the ECB lifted rates another quarter-point. Ten stories as of Thursday morning, September 10.
1. Mocha / Bab el-Mandeb. Iran-aligned Houthi forces seized Yemen’s Red Sea port city of Mocha on Thursday, four Yemeni government military sources told Reuters, tightening leverage over the Bab el-Mandeb Strait as Brent rose about 3.5% above $100. Saudi Arabia has leaned more on Red Sea shipping since Hormuz largely closed.
2. Washington / Dallas. President Trump said Wednesday he expects the U.S. war with Iran to end immediately after November’s midterms and warned the United States may strike Pickaxe Mountain near Natanz, Reuters reported. Iran said it attacked 10 ships near Hormuz after the U.S. sank five Iranian tankers.
3. New York. AAA put U.S. regular gasoline at $4.22 a gallon — nearly 42% above the $2.98 prewar level — while diesel hit a record $5.94 as Brent settled near $101, with oil above $100 after the latest Middle East attacks, Reuters and established wire reporting showed. Trump said he does not expect oil to cool before the midterms.
4. Kyiv / Dnipro / Arctic Russia. Russian strikes killed civilians across Ukraine, including at a Bunge plant in Dnipro, while Ukrainian Special Operations Forces claimed their deepest strike of the war on Arctic gas plants more than 3,000 km inside Russia, Al Jazeera and Reuters reported.
5. Berlin / Frankfurt. The European Central Bank raised key rates 25 basis points on Thursday, lifting the deposit facility to 2.50% — the second hike this year — as Middle East energy costs keep inflation elevated, Reuters and The Guardian reported. Lagarde said inflation is set to remain well above the 2% target for an extended period.
6. New Delhi. India hosts the BRICS Leaders’ Summit on Sept. 12–13 with the Iran war splitting the bloc — member Iran and the UAE on opposite sides — and Xi Jinping due for his first India visit in seven years, Channel News Asia reported.
7. Wellington. Nearly 10,000 New Zealand public servants walked off the job Wednesday over pay offers they say leave them worse off in real terms, weeks before a national election, Reuters reported.
8. Brasília. Supreme Court Chief Justice Edson Fachin suspended rival rulings over the federal police chief’s tenure and called a full-court session for Sept. 15, framing the clash as the court’s biggest crisis since the return to democracy, Reuters reported.
9. Bukavu. A school fire in Bukavu, the eastern Congo city held by Rwanda-backed AFC/M23 rebels, killed at least 17 people including children, local and medical sources told Reuters. The cause was not immediately clear.
10. Quito / Lima. Secretary of State Marco Rubio defended lethal U.S. strikes on suspected drug boats in Ecuador and said cartels would “eat these countries alive” if left unchecked, then flew to Lima amid protests, France 24 and AFP reported.
Coming up. Through today — ECB decision, Berlin. Sat–Sun — BRICS, New Delhi. Sunday — Sweden election. Sept 15–16 — FOMC with projections. Sept 20 — Russia State Duma election. UNGA high-level week Sept 22–26 and 28. Standing calendar: The Watch.
Sources: Reuters; Associated Press; Al Jazeera; ECB; Channel News Asia; AFP.
