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Sunday, October 25, 2026
The Company Chronicle

War Room

Iran threat warnings put US embassies on alert, Houthi missiles aimed at Saudi cities, Brent at six-month high

Sunday's War Room brief: the intelligence memo on Iranian plots, Saudi interceptions, Ukraine's Starlink fight with Musk, Russian diesel heading to New York, and what to watch Monday.

Chronicle chart of WTI crude oil futures over one year
WTI crude futures, one year, last close Oct. 23. Chart: The Company Chronicle, Yahoo Finance data. Photo: The Company Chronicle

Iran and the United States

U.S. embassies across the Middle East are on heightened alert after reports that Iran is in the "advanced stages" of planning attacks on Americans, CNBC reported on Saturday. It cites a New York Times report on a memo from Director of National Intelligence Jay Clayton saying agencies have intelligence that Iran has "substantially increased efforts to target U.S. personnel," in the region and in "certain other countries." We have not seen the memo, and Iran's government was not quoted in the reporting we read.

On diplomacy, CNBC says an Iranian official told the Associated Press that Tehran remains open to talks under the June deal brokered by Pakistan, and that Iran's ambassador to Islamabad, Reza Amiri Moghadam, said Iran would reopen the Strait of Hormuz if Washington lifts its naval blockade and that Washington rebuffed the idea. Iranian state media later denied that report. CNBC adds that the Trump administration has vowed to put off military strikes until after the Nov. 3 midterms. Watch Monday: any State Department travel notice, and whether Tehran or Washington addresses the Hormuz-for-blockade offer.

Saudi Arabia and the Houthis

The Saudi-led coalition said it destroyed two ballistic missiles fired by the Houthis toward Taif and Yanbu, per CNBC. Yanbu matters to oil traders as a Red Sea export outlet, though the coalition reported no damage in the account we read. Headlines from Reuters and Bloomberg (we could read only the headlines) say Saudi Arabia reported more drone and missile interceptions, the Houthis claim to have targeted Saudi oil sites, and Riyadh's airport may reopen Sunday. Those claims are unverified here. The U.S. ordered non-emergency government staff to leave Saudi Arabia this week; the war between the U.S. and Iran is nearing its eighth month, CNBC says. Watch Monday: whether Riyadh airport actually reopens and whether airlines resume flights.

Russia and Ukraine

Ukraine's Defense Ministry said Saturday that Starlink and Starshield high-speed service has been restored, a day after President Zelenskyy said the limits were still in place, CNBC reported. Elon Musk wrote on X that Ukraine's military "violated Starlink terms of service" by using it for offensive drone strikes and that the "loophole was closed last week." Ukrainian officials say the restrictions, which began Oct. 14, caused drones moving faster than 100 mph to lose their connection. President Trump confirmed a Wall Street Journal report that he asked Musk to ease the limits. Lawmakers from both parties have asked for a formal probe. These are each side's own accounts.

Separately, Fox Business reports that the first 40,000-ton Russian diesel cargo has left for New York under the Trump-Putin fuel deal, with diesel above $6 a gallon in the U.S., per Fox Business. Retired Maj. Gen. Arnold Punaro told the network the cargo equals only a couple of hours of U.S. diesel demand. Kremlin spokesman Dmitry Peskov said regular supplies will continue. Reuters headlines also report Russian claims of hitting a cargo vessel and Ukrainian logistics hubs, and Ukrainian strikes in Belgorod; we did not read the full texts.

Markets box

Markets are closed for the weekend; these are last-session figures, not live prices.

InstrumentLast session (Oct. 23)Source
Brent crudeTopped $116, a six-month highCNBC
WTI crude (front month)Settled $103.27Yahoo Finance; CNBC says "over $103"
VIX19.45Yahoo Finance daily close
GoldAbout $3,996 per ounce on the Chronicle boardChronicle markets board
Defense ETF (ITA), airlines ETF (JETS)No verified Friday close this runNot reported

Brent quotes differ by source and contract month, so compare moves, not levels. The Fed decides Wednesday; see the weekend brief, crude oil chart and markets. Yesterday's fronts are in Friday's brief.

WTI crude, three months. Chart by TradingView.

Sources: CNBC, CNBC, Fox Business, Reuters and Bloomberg headlines, Yahoo Finance, Chronicle markets board. Claims are attributed to the parties that made them. This is market information, not investment advice.

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