AP projects Democrat Josh Turek will win Iowa’s U.S. Senate seat, flipping a Republican-held seat and becoming the first Democratic federal senator from Iowa since 2008. The pickup is a midwestern gain that brings Democrats closer to regaining Senate control, with election forecaster DDHQ predicting Turek will defeat three-term Republican Rep. Ashley Hinson. Turek’s campaign highlights plans to press Trump’s trade policy and its effects on Iowa farmers; rising fuel prices since the Iran war have

Iran's Islamic Revolutionary Guard Corps said four oil tankers are still burning after hitting mines.

Bundesbank president and ECB Governing Council member Nagel said energy price rebounds raise inflation risks and could pass through to other goods and wages, pushing inflation higher. He noted the ECB’s September baseline forecasts already assumed further tightening and said the inflation outlook has since worsened. A rate increase in December is likely unless the inflation outlook improves materially; any decision will be based on the latest economic projections. Euro‑area September headline inflation is expected near 4% (about double the ECB’s 2% target); core inflation around 2.5%. Nagel added that the ECB paused last week but clear second‑round inflation effects have not yet emerged.