Geopolitical Volatility Intensifies as Iran Proposes New Hormuz Framework and Saudi Arabia Downs Drones

Key TakeawaysIran is pushing for a "new framework" for the Strait of Hormuz, asserting that safe passage must reflect regional interests rather than international maritime norms, effectively challenging Western access to the chokepoint.Saudi Arabian air defenses intercepted a second drone targeting the Diplomatic Quarter in Riyadh, signaling a persistent and escalating threat to foreign embassies and regional stability.Global energy markets remain under extreme pressure, with Brent crude prices fluctuating ...