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More than 100 U.S. military advisers are on the ground in Saudi Arabia providing intelligence and targeting support for the Kingdom's campaign against the Iran-backed Houthis, according to CNN. The personnel are operating under a newly-established joint forces command, though the U.S. is not participating directly in strikes or providing refueling support.

Saudi Arabia’s oil production fell to 6.2 million barrels per day in August, the lowest level this year and 23% below July, according to the Financial Times, as Houthi threats disrupted exports from the Red Sea coast. Crude exports from Saudi Arabia fell to about 3.1 million bpd, their lowest level since at least 2013.

Algeria will close its airspace to UAE-registered civilian and military aircraft from midnight Sept. 11 following its decision to sever diplomatic ties with Abu Dhabi. Emirati commercial flights to and from Algiers will remain exempt until the end of 2026, when their current contract expires.

The U.S. Treasury has tightened sanctions enforcement against Iran, with OFAC now presuming denial of Iran-related license applications except in limited circumstances. The move comes as part of Operation Economic Outcast, alongside sanctions on a number of individuals and entities linked to Iran in Iraq and Lebanon.

Moment of the explosion https://x.com/FaytuksNetwork/status/2098113680739074253/video/1
Faytuks Network (@FaytuksNetwork) Israel says its military has destroyed Hezbollah’s underground infrastructure at the Ali Taher ridge in southern Lebanon, as residents in southern Lebanon and northern Israel report hearing large explosions.

Israel says its military has destroyed Hezbollah’s underground infrastructure at the Ali Taher ridge in southern Lebanon, as residents in southern Lebanon and northern Israel report hearing large explosions.
Faytuks Network (@FaytuksNetwork) NEW: Israel’s military is preparing to blow up underground tunnels beneath the Ali Taher ridge in Lebanon tonight, according to IDF Radio, citing security officials. Israel has raised its alert level amid concerns Iran or Hezbollah could retaliate.

NEW: Israel’s military is preparing to blow up underground tunnels beneath the Ali Taher ridge in Lebanon tonight, according to IDF Radio, citing security officials. Israel has raised its alert level amid concerns Iran or Hezbollah could retaliate.

Israeli officials say security assessments held Thursday explicitly discussed the possibility that Iran could launch an offensive action. Authorities decided to maintain heightened alert and readiness throughout the upcoming holiday period, Channel 13 reports.

Iran has resumed ballistic-missile production using stockpiled components and underground facilities despite heavy U.S. and Israeli strikes on its missile infrastructure, according to The Wall Street Journal. Officials say Iran is assembling both liquid- and solid-propellant missiles, though production remains constrained compared with before the war.

Iran has begun rebuilding infrastructure damaged in the war, with satellite imagery showing repaired roads and reopened tunnel entrances at missile bases, according to the WSJ. Israeli military assessments indicate weapons stored inside the underground sites are likely to have survived the strikes.
Faytuks Network (@FaytuksNetwork) Iran has resumed ballistic-missile production using stockpiled components and underground facilities despite heavy U.S. and Israeli strikes on its missile infrastructure, according to The Wall Street Journal. Officials say Iran is assembling both liquid- and solid-propellant missiles, though production remains constrained compared with before the war. -WSJ

Iran has begun rebuilding missile-production infrastructure damaged in the war, with satellite imagery showing repaired roads and reopened tunnel entrances at missile bases, according to the WSJ. Israeli military assessments indicate weapons stored inside the underground sites are likely to have survived the strikes.
Faytuks Network (@FaytuksNetwork) Iran has resumed ballistic-missile production using stockpiled components and underground facilities despite heavy U.S. and Israeli strikes on its missile infrastructure, according to The Wall Street Journal. Officials say Iran is assembling both liquid- and solid-propellant missiles, though production remains constrained compared with before the war. -WSJ

Iran has resumed ballistic-missile production using stockpiled components and underground facilities despite heavy U.S. and Israeli strikes on its missile infrastructure, according to The Wall Street Journal. Officials say Iran is assembling both liquid- and solid-propellant missiles, though production remains constrained compared with before the war. -WSJ

The UK and Bahrain have requested an urgent meeting at the UN Security Council to discuss the escalation in hostilities between the Houthis and Saudi-backed government forces, with the UN special envoy for Yemen scheduled to brief by video. No resolution is on the table for a vote, and it is unknown whether Russia and China will block potential UNSC action.

Several senior Revolutionary Guards commanders had traveled to Yemen to oversee Houthi attacks on Saudi Arabia, according to Reuters. An Iranian source said the move to capture Mocha was a Houthi decision, though it benefited Iran by raising oil prices.
Faytuks Network (@FaytuksNetwork) Iran's Revolutionary Guards provided direct guidance for the Houthis' advance along Yemen's Red Sea coast this week, including the seizure of the port city of Mocha, according to Reuters. Iran told the Houthis last week to escalate their attacks on Saudi Arabia, and promised more funding.

Iran's Revolutionary Guards provided direct guidance for the Houthis' advance along Yemen's Red Sea coast this week, including the seizure of the port city of Mocha, according to Reuters. Iran told the Houthis last week to escalate their attacks on Saudi Arabia, and promised more funding.

Polish PM Donald Tusk said he received a "fairly precise report directly from the CIA" regarding possible events in the coming months, adding that Poland averted a threat to one of its border crossings with Ukraine overnight. "Russia has already resorted to provocative attacks on border crossings - for instance, in Moldova. We expect similar actions targeting border crossings with Ukraine in other countries, including Poland," Tusk said.

The IAEA has confirmed activity at Iran's Pickaxe Mountain, according to Bloomberg. The IAEA Director said that “there are some indications that there is movement around this construction site,” but said the IAEA does not have any concrete information as to what activities may be taking place.

U.S. producer prices rose 0.4% in August, in line with expectations, with annual PPI at 5.4%, above the Fed's 2% target and slightly higher than forecasted. Core PPI, excluding food and energy, rose by 0.2%

WTI crude oil prices crossed $100 per barrel on Thursday, rising more than 4% in early trading after a new wave of hostilities in the Middle East, including in Yemen.

The ECB has raised its key interest rate to 2.5% as it expects euro zone inflation to remain elevated, with inflation forecast at 3.0% in 2026 before easing to 2.5% in 2027 and 2.1% in 2028. The ECB projects growth of 0.9% in 2026, 1.4% in 2027 and 1.5% in 2028