Morning Brief: India — What Happened in the Last 24 Hours

Iran's Revolutionary Guard claims to have captured a "modern, unmanned" US submarine in the Strait of Hormuz, while the US struck three Iranian oil tankers near Kharg Island — the sharpest escalation since the war began. Tehran is threatening "economic warfare" and targeting oil vessels in Kuwait and Bahrain in retaliation.

Watch List

• Brent crude at $98.66/barrel: Up 1.7% to six-week highs after peace hopes collapsed. Goldman Sachs warns it...