Global Weekly Roundup: Wars, Energy Shocks, Climate Extremes and a Shifting Global Order

From September 6–12, 2026, the global picture was shaped by continuing conflicts, energy risk, diplomatic reshuffling and growing climate and humanitarian strain. The Middle East remained the most immediate security and oil-market concern as tensions involving Iran, the United States and regional actors threatened strategic transport routes. In Yemen, Iran-aligned Houthi forces advanced toward the Bab el Mandeb Strait, reaching Perim Island, while a Bab el Mandeb closure could affect up to 7% of global oil supplies and about 12% of global trade, Reuters reported. Separately, the World Meteorological Organization said August 2026 was the hottest on record and warned a strong El Niño could intensify extremes into 2027.