AUSTRALIA PM: HAS SECURED AN ADDITIONAL 100 MILLION LITRES OF DIESEL FROM 2 SHIPMENTS, ONE FROM BRUNEI AND ONE FROM SOUTH KOREA

The Federal Reserve’s Beige Book reported that US economic activity expanded at a slight-to-modest pace, but the war with Iran has increased uncertainty and pushed energy costs sharply higher across all 12 districts. The Fed said firms cited the conflict as a major factor complicating hiring, pricing, and investment decisions, with many adopting a wait-and-see approach. Energy and fuel prices rose “sharply” nationwide, contributing to inflationary pressures already visible in recent data. Policymakers are expected to hold rates steady at their upcoming meeting as they assess the war’s impact on inflation and growth dynamics.

The Pentagon is developing contingency options for possible U.S. military action against Cuba as President Donald Trump intensifies pressure on the island, according to USA Today. Discussions remain preliminary and no final decision has been made. The planning reflects a broader escalation in Washington’s posture toward Havana, following economic sanctions and energy restrictions that have deepened Cuba’s crisis. Officials indicate preparations are part of standard defense planning, though they align with Trump’s increasingly assertive rhetoric signaling potential further action against the Cuban government.