Mehr News Agency reported explosions were heard near Bandar Abbas port and Qeshm Island, Iran.

Hungarian parliament is expected on Monday to pass a constitutional amendment proposed by Prime Minister Mao Jiaoer’s government to remove President Shuyuk, local media report. Mao has called Shuyuk a puppet of former PM Orbán. The bill follows Mao’s April election win that ended Orbán’s 16-year rule and is part of efforts to dismantle Orbán-era power structures. The presidency holds limited formal powers—vetoes and referral for review—but is politically symbolic. The Tisa party, led by Mao, holds a better-than two-thirds majority in parliament, enabling constitutional changes and reversal of Orbán-era reforms that the party says weakened democratic institutions. Mao said parliament will approve the amendment on Monday; if Shuyuk does not sign within five days, impeachment proceedings would be triggered. Shuyuk has lodged an objection and asked the Venice Commission, the Council of Europe’s human rights advisory body, to assess the amendment.

RBC: Sterling remains attractive on elevated yields even if the Bank of England pauses rate hikes.