Yemeni government and coastguard sources said Houthi militants attacked the deck of a cargo vessel in the Bab al-Mandeb Strait, killing three.

German foreign minister Wadephul told Iranian foreign minister Araghchi in a call he urged Iran to enter constructive talks with regional neighbors and the US to end the conflict. He said the Strait of Hormuz must be unconditionally open to ensure all vessels can navigate freely and safely.

Indonesia's copper exports are being delayed after the Gresik smelter halted over the weekend due to a boiler leak; buyers were told the plant will pause operations for several weeks for assessment and repairs. The outage adds pressure to an already tight global copper market, with large flows to the United States and increased shipments to China coinciding with LME copper trading above $14,000/t for a fifth consecutive session. The Grasberg mine in Papua, which was hit by a mudflow last year and has only partially resumed output, is not expected to fully restart until around 2028.