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The Current Affairs Digest

Monday 26 October 2026 Β· No. 15

Top Story The Gulf

Riyadh's Airport Reopens as Iran Claims Tankers Were Hit at Hormuz

Two terminals restart under Houthi threat, while unconfirmed reports of ship strikes add to oil's jitters.

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πŸ“ Strait of Hormuz Β· Iran, Oman

Saudi Arabia reopened Terminals 1 and 2 at King Khalid International Airport in Riyadh on Sunday 25 October, for domestic and international flights. Houthi strikes had put the airport out of service for more than two weeks. The Houthis are an armed group from Yemen, Saudi Arabia's southern neighbour. Flight-tracking data showed air traffic remained limited despite the reopening.

The danger did not end with the reopening. Saudi military spokesman Maj. Gen. Turki al-Malki said forces intercepted and destroyed a Houthi-fired ballistic missile and a drone. Houthi spokesperson Yahya Saree warned airlines, airport staff and passengers that the airport was a military target and unsafe to use. Each side's claim is a statement by a party to the conflict, not independent confirmation.

The same tension has spread to sea. Iran's Revolutionary Guard Navy said two supertankers carrying a combined more than 4.5 million barrels of crude hit naval mines in the Strait of Hormuz on 24 October. Earlier, Iran claimed seven tankers were struck overnight. No maritime authority has confirmed either claim, though the UK Maritime Trade Operations Centre did say one tanker leaving the strait was struck by an unknown projectile.

Washington disputes Iran's account. President Trump accused Iran of fabricating attack reports to drive up oil prices before the US midterm elections. Whoever is right, the reports reach the market: the Economy page shows how oil and prices are moving.

For grown-ups: sources

World Ukraine

Putin Agrees in Principle to Restart Three-Way Ukraine Talks

The first talks between Russia, Ukraine and the US since February would begin after 10 November.

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Talks on the Table123
Talks are due to restart after 10 November.

Russia has agreed in principle to restart three-way talks with Ukraine and the United States, said Yuri Ushakov, a foreign affairs adviser to President Putin. He said the talks would resume after 10 November. They would be the first three-way negotiations since February, and Ushakov said they would focus on building a security system for Russia and Ukraine after the conflict ends.

The agreement followed a round of meetings. US envoy Steve Witkoff met Putin in St. Petersburg for about three hours, a day after meeting Ukraine's President Zelensky and some European leaders in Oslo. Ushakov called the Oslo proposals of little real value, though he later said they were a step in the right direction.

Kyiv's position is firm. Zelensky said he supports the push from Washington to restart talks swiftly, but insists only a meeting of leaders can break the impasse. Earlier rounds in Abu Dhabi and Geneva produced little reported progress beyond prisoner exchanges, and fighting continues with daily long-range strikes by both sides.

Why would both sides talk now? The reports do not say, but they show what each wants. Moscow frames the talks around a post-war security system for Russia and Ukraine. Kyiv wants a leaders' summit, not another round of officials. Washington, through Witkoff's shuttle between Oslo and St. Petersburg, is pushing for quick progress. Until a date is fixed, the outcome depends on whether the three can agree what the talks are for.

For readers, the lesson is to separate agreement to talk from agreement on terms. Ushakov said the plan is for talks after 10 November; he did not say a deal is close. Earlier rounds in Abu Dhabi and Geneva ended with prisoner exchanges and little else, so the new round will be judged by whether it produces more than that.

πŸ—ΊοΈ Where in the world?

πŸ“ St. Petersburg Β· Russia, Ukraine, United States
For grown-ups: sources

India Weather

Cyclone Arnab Is Due to Cross the Andhra Pradesh Coast on 28 October

Red alerts, shut schools and nearly 30,000 boats ashore as the coast prepares.

Bay of Bengal Storm
Red alerts cover several states.

Cyclone Arnab is forecast to cross the Andhra Pradesh and Yanam coasts between Bapatla and Visakhapatnam around the forenoon of 28 October. The India Meteorological Department (IMD) expects sustained winds of 115–125 kmph, with gusts up to 140 kmph, but warns that the track and intensity may still change.

The IMD has issued red alerts, its highest warning level, across Andhra Pradesh, Tamil Nadu, Kerala and Odisha, with extremely heavy rain expected in parts of coastal Andhra Pradesh on 27 and 28 October. Reports list red alerts for heavy rain in 11 districts of Andhra Pradesh, five in Odisha, four in Chhattisgarh and four in Telangana.

Preparations are well under way. Fishermen are strictly barred from the sea: of 30,043 fishing boats in Andhra Pradesh, 29,952 had returned to their landing centres by a report published on 24 October, with 91 still heading in. In Odisha, schools, colleges and Anganwadi centres in five districts stay closed on 28 and 29 October, and Ganjam has 100 cyclone shelters ready with 1,000 temporary locations identified. The chief minister has directed that people in vulnerable areas, especially the elderly, patients and pregnant women, be moved to safer places.

Cyclone warnings follow a simple logic: the earlier people move, the fewer are at risk. The measures reported so far fit that logic. Boats are ashore, fishermen are barred from the sea, schools are shut, and shelters are ready. Because the forecast track and strength could still change, the IMD's estimate is a forecast, not a promise, and the picture may shift before 28 October.

The IMD also forecasts heavy to very heavy rain across Odisha from 27 to 29 October, even though the crossing is expected on the Andhra coast. That is why alerts reach states far from the likely crossing point.

πŸ—ΊοΈ Where in the world?

πŸ“ Visakhapatnam Β· India
For grown-ups: sources

Politics & Civics Serbia

Serbia Votes in a Snap Election as Students Challenge Vucic

Turnout was reported as the highest since 1992 in a contest that doubles as a test of a protest movement.

Serbia Decides
Official results were still awaited.

Serbians voted on Sunday 25 October in a snap parliamentary election, one called before the normal end of a parliament's term. Some 6.4 million voters chose among 18 parties hoping to enter the 250-member Parliament. President Aleksandar Vucic resigned the presidency in September to run again, this time for prime minister, who in Serbia heads the government.

The main challenge comes from a list backed by a student movement, led by cardiologist Ilija Srdanovic. The movement grew out of protests over the November 2024 collapse of a railway station canopy in Novi Sad that killed 16 people. Vucic has called the movement a foreign-funded coup attempt, which the students reject.

Pollsters CeSID and Ipsos put turnout at 67.6% by 7 p.m., described as the highest since 1992. Commentators had suggested that a final turnout of 65% or more would favour the students. The official results were not available in the sources used for this edition, so who won is not yet known.

Both sides had much to gain. Vucic was seeking a return to power in a new role. The students, whose movement grew out of the canopy collapse, were trying to turn months of protest into seats in Parliament. Which of them won was not known when this edition was prepared.

In a parliamentary system like Serbia's, voters elect parliament, and the party or coalition that can command a majority forms the government. That is why Vucic, having left the presidency, is seeking the post of prime minister. The result, once counted, will show whether the students' list or the Progressive Party has the stronger claim to that role.

πŸ—ΊοΈ Where in the world?

πŸ“ Belgrade Β· Serbia
For grown-ups: sources

Economy Prices

India's Prices Rose 5.54% in September After the RBI Raised Its Rate

Food prices rose 7.74%, and the central bank says further rate cuts are no longer appropriate.

HOW FAST PRICES ARE RISING Annual consumer price inflation, %

India's August figure is a revised one. Sources: Bloomberg, ONS.

India's consumer price index, which tracks what households pay, was 5.54% higher in September than a year earlier. That is up from a revised 4.83% in August. Food inflation was higher still at 7.74%.

The Reserve Bank of India (RBI) had already acted. On 7 October it raised the repo rate, the rate at which it lends to banks, by 25 basis points from 5.25% to 5.50%. A basis point is one hundredth of a percentage point. The RBI said near-term rate cuts were no longer appropriate, and its next policy decision is listed for 4 December 2026.

India is not alone. In the UK, consumer prices rose 3.5% in the year to September, up from 3.1% in August, driven by a surge in petrol and diesel costs. The Bank of England's rate is 3.75% and a rise is being considered. Brent crude, the global oil benchmark, settled at $116.72 a barrel on 23 October, which is the cost pressure behind both.

Markets are watching the gap between a price and a physical shortage. Brent finished the week up about 6%, driven by Houthi attacks on Saudi Arabia. But physical supply losses are not confirmed, and one analysis says the price reflects the probability of disruption rather than missing barrels. In other words, fear of a shortage can raise what you pay before any shortage exists.

In the UK, the pressure shows in policy. Markets are pricing in four rate increases with no cuts, a forecast that ING's James Smith considers unlikely. In India, food prices rose 7.74%, much faster than the overall 5.54%.

πŸ—ΊοΈ Where in the world?

πŸ“ New Delhi Β· India, United Kingdom
For grown-ups: sources

Science & Tech Space

Europe's Euclid Telescope Discovers a New Comet

The telescope's first comet find sits about 1.3 billion km from Earth.

A Comet From Euclid
C/2026 S1 (Euclid), confirmed on 8 October.

The European Space Agency's Euclid telescope has found a comet nobody knew about, now called C/2026 S1 (Euclid). Euclid took its images between 16 and 24 September 2026, and ESA announced the find around 19 October.

The discovery began with software. Mikko Pontinen of the University of Helsinki used his own program, which flags fast-moving objects that appear as streaks, to detect it. Checks against catalogues of known comets and asteroids found no match, so he reported it to the Minor Planet Center, which confirmed it as a comet on 8 October. Ground-based follow-up observations confirmed its identity.

The comet is about 1.3 billion km from Earth and is a long-period comet, with an orbit lasting thousands of years. ESA says the find shows Euclid can spot comets while they are still far from the Sun, which could help find future targets for its Comet Interceptor mission, though this comet is unsuitable for that mission.

Why does the distance matter? The images behind the find were taken between 16 and 24 September, and the comet was confirmed on 8 October.

Space science had another record this month. NASA's Perseverance rover reached 28.10 miles (45.22 km) on Mars on 11 October, passing the 28.06 miles that Opportunity logged between 2004 and 2018. It did so in five and a half years, against almost 15 for Opportunity.

The find also shows how modern astronomy works. A researcher wrote software to hunt for streaks, an international body checked the object against its catalogues, and telescopes on the ground confirmed it. Each step is a check that stops a mistake becoming a headline.

πŸ—ΊοΈ Where in the world?

πŸ“ Helsinki Β· Finland
For grown-ups: sources

Did you know?

The comet Euclid found is about 1.3 billion km from Earth, yet it was spotted by software searching for fast-moving streaks in the telescope's images.

Explainer

What the repo rate does

A central bank is the institution that manages a country's money and interest rates. In India it is the Reserve Bank of India. The repo rate is the rate at which it lends to banks, and it sets the base for the interest rates that banks charge everyone else.

When prices rise too fast, a central bank can raise the repo rate. Loans become dearer, people and firms borrow and spend less, and price rises tend to slow. This week the RBI raised the rate from 5.25% to 5.50% after inflation reached 5.54% in September.

The tool has limits. Interest rates act slowly, and they cannot lower the price of oil. When prices rise because of a supply scare in the Gulf rather than because people are spending too much, a higher rate can slow the economy without fixing the cause. That is the trade-off the RBI faces, and why it described its next steps as a pause or another rise, depending on inflation and financial conditions.

In brief

More news

  • United Kingdom: Chancellor John Healey delivers the Autumn Budget on Wednesday 28 October, the first of Prime Minister Andy Burnham's government.
  • United States: Georgia passed 1 million early votes, against almost 895,000 at the same point in 2022, ahead of Election Day on 3 November.
  • North Korea: Kim Jong Un crossed the new New Yalu River Bridge into Dandong, China, on 24 October, his first China trip in about a year.
  • Albania: Student-led protests that began in Tirana on 13 October now call for Prime Minister Edi Rama to resign.

New words

Words from this issue

Repo rate
The interest rate at which a central bank lends money to commercial banks. Today: the RBI raised India's repo rate from 5.25% to 5.50%.
Snap election
An election called earlier than required. Today: Serbia held a snap parliamentary election on 25 October.
Trilateral
Involving three parties. Today: Putin agreed in principle to restart trilateral talks with Ukraine and the United States.
Long-period comet
A comet whose orbit around the Sun takes a very long time to complete. Today: comet C/2026 S1 (Euclid) has an orbit lasting thousands of years.

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