Iranian President PEZESHKIAN said Iran does not seek war but will not back down when faced with threats or bullying.

On Wednesday the Baltic Dry Index rose 87 points (3.36%) to 2,680, its highest since Oct. 13 after a jump in capesize demand. The capesize index (BCI) climbed 271 points (7.69%) to 3,793; capesize daily earnings rose $2,453 to $30,895. The panamax index (BPI) fell 43 points (1.91%) to 2,204; panamax daily earnings dropped $387 to $19,836. The supramax index (BSI) ticked up 2 points to 1,870.

The Russian Federal Security Service (FSB) said on the 21st it had arrested a German national who previously served in the Ukrainian armed forces. The FSB said the man served as a sniper in the Ukrainian military from 2016 to 2018. In November 2025 he returned to Ukraine and signed a three-year military service contract with the Ukrainian armed forces but fled after not receiving promised compensation. Russian authorities have opened criminal proceedings against him under relevant laws, the FSB said.