Iran's foreign ministry spokesman Baghaei said measures taken to counter the blockade constitute acts of self-defense under international law.

China International Capital Co says US Aug CPI SA MoM +0.4% (Jul +0.1%), YoY +3.4% (Jul +3.4%). Core CPI MoM +0.3% (Jul +0.2%), YoY +2.4% (Jul +2.5%), slightly above consensus. MoM rebound driven by higher energy, telecom price rises and persistent AI-related inflationary pressure. CICC judges the print has hit the Fed’s hike threshold and expects a 25bps increase at the Sept. 16 meeting. The Fed may lower its unemployment projection and raise inflation forecasts; the dot plot could lift 2027–28 rate paths, signaling tighter policy for longer. A more hawkish risk: an additional hike later this year or next, which could prompt markets to reprice a longer tightening cycle.

According to TASNIM NEWS, the Houthi-backed Sanaa government’s foreign ministry warned Saudi Arabia that failure to recognise recent battlefield shifts—including heavy defeats of its proxies on Yemen’s west coast—will push Riyadh toward defeat. The ministry said limited Yemeni armed forces operations in several west-coast towns have restored normalcy and asserted that Yemen has freed itself from Saudi control. It added that for Saudi Arabia, stopping hostilities and choosing peace is the least costly option.