South Korea's budget minister said Seoul proposed a 3.4 trillion won allocation for nuclear submarines and strategic weapons.

Venezuela loaded 1.114 mln b/d of crude in August, up 28% month-on-month, according to shipping reports, Kpler Ltd and vessel-tracking data. Exports reversed a five-month low in July as shipments to India more than doubled. Indian refiners reduced purchases from Russia after Ukraine-related supply disruptions, raising demand for Venezuelan crude, while the Trump administration is seeking tighter control over Venezuela's oil sector, posing regulatory risk to flows.

U.S. Treasury Secretary Bessent said the United States will get through this phase of the Iran conflict.