TASNIM News: IRGC Navy said two tankers with navigation systems switched off were involved in an incident and were intercepted south of the Strait of Hormuz after ignoring radio warnings.

Commerzbank analyst Antje Praefcke says in a report that if the ECB holds rates and signals caution on further tightening, the euro could weaken further. Given France’s fiscal strain, the ECB may avoid a strong tightening signal; "markets still see scope for one more ECB hike by mid‑next year and possibly two by end‑2027." Praefcke adds that a cautious ECB and downward repricing of rate expectations could push EUR/USD toward $1.10.

Politico reports a former aide to ex-UK prime minister Keir Starmer said then-Foreign Secretary David Lammy ordered a review that recommended cutting summit frequency from biennial to every four or five years and considered scrapping private, closed-door leaders’ meetings.