UK Chancellor Healy spoke today with U.S. Treasury Secretary Bessent about steps to increase pressure on Iran and about coordinated measures to support economic growth in both countries.

CENTCOM said it is assembling the world’s first multinational joint attack unmanned aerial systems (UAS) force. The command said its Rapidly Deployable Joint Task Force (REJTF), stood up one year ago, has introduced advanced capabilities including the US military’s first one-way attack UAS squadron in the Middle East and the first sea-launched air-attack UAS from a US Navy vessel. In June an unmanned surface vessel (USV) assisted in rescuing a downed helicopter crew in regional waters; in July CENTCOM recorded the first operational use of a one-way attack USV. The multinational force is presented as a follow-on to those operational advances over the past 52 weeks.

Energy: 1. Saudi Aramco plans to restructure its operations and establish a natural gas division. 2. Russia's oil exports from the Black Sea port of Novorossiysk increased to 650,000 barrels per day in September, a 50% increase from August. 3. US Energy Secretary: US LNG exports this year are expected to exceed 120 million tons, setting a new record. 4. Iraqi Oil Minister: Iraq is studying plans to export crude oil to Turkey by truck. 5. British media: Since the outbreak of the US-Iran conflict, European diesel costs have increased by approximately €203 million per day. 6. Fitch Ratings: The oil market is expected to return to a significant surplus by 2027. 7. Iranian Oil Ministry: Half of the damaged production capacity at the South Pars gas field has resumed. 8. Greek Energy Ministry: Chevron will begin seismic surveys off the Greek coast by the end of 2026. Agriculture/Mining: 1. The US wants to import Belarusian potash fertilizer; Lukashenko: Currently, there is no stock. 2. The RKEF nickel-iron plant in Indonesia's IMIP industrial park has begun reducing production, with current operating rates down to approximately 30%-40%. 3. The U.S. Export-Import Bank plans to provide financing for key mining and energy projects in Argentina worth up to $7 billion. Iran Situation: 1. Iranian Revolutionary Guard: We will negotiate if national interests require it. 2. Trump: U.S. officials held a three-hour meeting with Iran, which was productive, and another meeting will be scheduled soon. 3. Iran confirmed the meeting with the U.S. and proposed conditions for reopening the Strait of Hormuz, including lifting the maritime blockade, unfreezing Iranian assets, and ending the war on all fronts. 4. Iran denied reports that it had proposed opening the Strait of Hormuz within seven days of the U.S. lifting the blockade. 5. Saudi Arabia has reportedly restarted its east-west oil pipeline, resuming oil exports from Yanbu. Other: 1. India is accelerating trade negotiations with Canada and Mexico, seeking market diversification to cope with Trump's tariffs. 2. Trump met with Venezuelan interim president Rodriguez during the UN General Assembly, the first such meeting since the US military attack on Venezuela in January.