Iran's foreign ministry spokesman Baghaei said a US submarine has been seized and taken as a war prize.

BNP Paribas SA expects the Fed funds rate to rise into Q1 2027, with three hikes between Sep 2026 and Jan 2027. The bank cites healthy growth, persistent fiscal deficits and a surge in very large corporate issuance as upward pressure on long-term yields, which should flatten the yield curve. Analysts say the small tightening cycle should peak in Q1 2027, after which markets will digest Fed credibility and push yields modestly lower from Q2 2027.

Rizhao Maritime Bureau posted on the China Maritime Safety Administration website that parts of the Yellow Sea will be closed for live-fire exercises from Sep 15 15:00 to Sep 18 20:00 (local time); vessels are prohibited from entering.