The WMO said on Sept. 3 that El Nifio has formed and is expected to intensify to very strong levels, altering global precipitation and temperature patterns and sustaining elevated extreme-weather risk through Feb. 2027. Subsurface Pacific waters are

1. Trump claims to be striking Iran, warning that Iran will be decimated if it retaliates. —Trump: The U.S. military is striking Iranian targets near the Strait of Hormuz. If Iran retaliates for this perfectly justified strike, it will face a much stronger and more intense strike. The final strike is brewing, and once it's over, Iran will be decimated. 2. Trump describes Iran as "crazy and stupid," threatening to wipe it out completely. —Trump: The agreement with Iran is worthless. I've given Iran many chances. Iran's (misbehavior) is simply unstoppable; they are crazy and stupid. Our strike against Iran today is very large, and if Iran makes another mistake, the country will be completely wiped out. 3. Trump to sign temporary funding bill to avoid government shutdown. —The U.S. Congress passed a temporary funding bill to avoid a government shutdown on October 1st, which has now been sent to Trump. The bill had previously been approved by the Senate, postponing the government funding dispute until after the November midterm elections. 4. Trump nominates Hung Cao as next Secretary of the Navy: "I'm pleased to nominate a true warrior—Hung Cao—as the next Secretary of the Navy. The Senate needs to confirm the nomination as soon as possible so he can continue the excellent work he's done over the past four months." 5. Trump states he hasn't tried to force Iran back to the negotiating table: "I haven't tried to force Iran back to the negotiating table. I don't care whether they sign a deal that's worthless to them. I prefer our current situation: we have almost complete control of the Strait of Hormuz, and their economy has completely collapsed." 6. Trump urges more refineries to be built, but oil companies show limited willingness to invest: "According to the Wall Street Journal, Trump urged the industry to build more refineries capable of producing fuel at a meeting of oil company executives at the White House on Tuesday, but persuading companies to do so is not easy." 7. Trump pressures refineries to increase production, biofuel blending requirements become an obstacle: "Trump urges U.S. refiners to increase domestic gasoline and diesel production." Refining executives believe that the federal government’s requirements for biofuel blending, including quotas for alternative fuels, are driving up gasoline retail prices and are questioning the government’s record biofuel blending quota targets.

Since June, India has mobilized a record $127.23bn in foreign-currency deposits from its roughly 35m overseas diaspora via a special dollar swap window, the RBI said. Including $9.15bn of inflows from external commercial borrowings and overseas currency debt, total funds reached $136.38bn as of the scheme’s close. RBI said the proceeds give policymakers a larger buffer to defend the rupee amid external pressure; the move echoes a 2013 diaspora mobilization that raised about $26bn in roughly three months and helped lift the currency, though the rupee is little changed versus its June 5 level.