Saturday, 10 October 2026

The crisis map darkened in several places. Saudi Arabia said three of its citizens, including a pilot, died in two Houthi attacks on Riyadh's King Khalid airport, and the UN envoy told the Security Council that Yemen has returned to full-scale war. Ukrainian and US negotiators met in Florida while Russian strikes left most of Kyiv without power. Trump said on Thursday the US will not attack Iran before the 3 November midterms, while Iran's Revolutionary Guards hit tankers beyond Hormuz. In Africa, Ethiopia told the UN Security Council that Eritrea launched an "all-out invasion", which Eritrea denies, and a drone strike blamed on the Rapid Support Forces killed about 30 civilians near a displacement camp in Sudan, according to Al Jazeera.

Markets felt the Iran war's fuel shock: Delta cut its profit forecast because jet fuel will cost it an extra $6bn this year. AI stocks fell on Thursday after OpenAI said its annualised revenue is about $50bn, not the roughly $70bn reported in September. Pimco warned that US 10-year yields could reach 6%. The EU said China accepted deep cuts to hybrid car exports after talks in Beijing.

Less noticed was the Palestinian Authority's plan to postpone legislative elections set for 28 November, according to a letter to France cited by Reuters and the New York Times, which notes the delay comes as Fatah suffers deep internal rifts. Watch tomorrow for how Hurricane Isaias, which came ashore on the Florida Panhandle on Friday night, affects Gulf oil and gas output.