Mocha port has suspended commercial and maritime operations after being hit by more than 25 missiles fired by Houthi forces, the port authority said on Saturday. The attack killed seven people and caused an estimated $16m in damage. Mocha, a Red Sea port near the Bab al-Mandeb Strait linking the Red Sea and Gulf of Aden, lies on a key international shipping route. The port is held by forces aligned with Yemen's internationally recognized government and has a smaller cargo capacity than Aden and

Broadcom shares fell nearly 7% intraday on Friday as investors flagged risks in the financing model for its AI infrastructure expansion. BofA analysts estimate the financing vehicle for Broadcom’s AI‑chip customers could accumulate up to $370bn of senior debt by mid‑2029, with about $150bn of new issuance in 2027, assuming a 20 GW data‑centre buildout. The debt would sit on the platform rather than Broadcom’s balance sheet, but Broadcom has provided lease‑payment guarantees for some customers; the first guaranteed transaction is about $29bn. The financing structure began in June, when Apollo Global Management and Blackstone led a $35bn funding package for Broadcom’s AIXPV platform; initial proceeds will support Anthropic’s build of more than 1 GW of compute and the platform targets over 20 GW by 2028. Market attention will focus on Broadcom’s potential future guarantee exposure as AI infrastructure scales.

Iran's Deputy Foreign Minister Karibabadi said the opening or closure of the Strait of Hormuz can only be decided by Iran.