ECB President Lagarde speech due in 10 minutes.

The Ukrainian military said Ukraine struck Russia's main synthetic rubber producer in Togliatti, Samara region.

Observer Research Foundation director Hash Pant said India faces a test of whether it can reconcile ties with the U.S. while managing expectations from Iran and regional neighbors including the UAE. He noted BRICS foreign ministers failed earlier this year to agree a consensus document because of UAE–Iran divisions, and said rifts among Iran, the UAE and Saudi Arabia have shaped this year’s BRICS agenda. Pant said India will try to push Tehran and Abu Dhabi to find agreement on key items to enable consensus, but both have very strict demands, making that outcome difficult.