Turkey's vice president Yilmaz expects the 2027 budget deficit to be 3.5% of GDP.

IRGC said its naval forces attacked a US unmanned surface vessel that attempted to enter a protected area in the Strait of Hormuz.

Isar Aerospace's "Spectrum" rocket lifted off from a Norwegian launch site carrying five small satellites and reached orbit roughly four minutes after liftoff. It was Isar's second launch attempt this year after prior delays from weather, technical issues and an errant vessel. The 28m vehicle can deliver about 1,000kg to LEO, substantially smaller than SpaceX rockets; Isar says the smaller size helps place satellites into specific orbits and differentiate its offering. The company completed a €270m ($313m) financing this year and is aiming to achieve the first commercial orbital launch from continental Europe.