On the 20th UN spokesperson Stéphane Dujarric said the Gulf conflict is already weighing on the global economy, disrupting shipping through the Strait of Hormuz and navigation from the Bab al‑Mandeb and Gulf of Aden to the Red Sea. The UN urged parties to resume talks and warned that further military or economic escalation would produce no positive outcomes.

Nathan Johnson, Democratic nominee for Texas attorney general, plans to review consumer-protection, antitrust and employment laws and deliver a detailed set of legislative recommendations to the Texas Legislature within his first 30 days in office, Axios reports.

The US Treasury said it will increase the size of long-term Treasury buybacks to help stabilize the bond market. Freddie Mac reported the average 30-year fixed mortgage rate fell to 6.65% from 6.67% a week earlier; a year ago it was 6.58%. Borrowing costs remain a concern for prospective buyers as elevated inflation risk tied to the ongoing Iran conflict persists. A Realtor.com senior economist said moves at the long end of the yield curve highlight market concern about inflation and the fiscal outlook, which could push mortgage rates higher in coming weeks.