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U.S. forces destroyed five more Iranian oil carriers as the war pushed Brent back above $100, while 3.4% inflation and record $6.05 diesel put a Fed hike firmly in play. Elsewhere, Republicans held their first midterm convention, America marked 25 years since 9/11, and AI leaders urged a slowdown.

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Five Iranian oil carriers were destroyed near Kharg Island and in the Gulf of Oman, US Central Command said. Trump told reporters that the war would not end until after November's midterms, with oil prices staying high until then.

Eight Iranian crude tankers had been hit since Saturday, alongside a naval blockade of Iran's ports. Tehran answered by striking American troops at an air base in Jordan, and Brent crude climbed back above $100.

Consumer prices rose 0.4% in August and 3.4% over the year, putting the odds of a rate hike near 90%. Diesel set a national record at $6.05 a gallon on Friday, up from $3.70 a year earlier.

Average hourly earnings grew just 3.1% over the year, so real pay fell 0.3% and households lost ground. Fed officials entered their policy meeting with that reading as the last major input before Wednesday's vote.

Republicans closed their first-ever midterm convention in Dallas on Thursday night, and Trump used the stage for a cash offer. He pledged a $5,000 dividend to every American adult citizen, payable only if his party holds Congress.

"Please pretend that I'm running," Trump told the hall, while Vance asked skeptical voters to back Republicans despite policy disagreements. Ron DeSantis broke with the president the same day, warning that $5,000 checks would add debt and inflation.

Ceremonies in New York, Arlington and Shanksville marked 25 years since the attacks on Friday. Thousands of the workers who cleared ground zero were immigrants, and as many as 6,000 had no legal status.

Those crews were exposed to toxic debris and lasting psychological trauma while clearing lower Manhattan. Under the current immigration crackdown, many kept to quiet weekly meetings in Queens, away from the corners where they once waited for work.

Anthropic chief executive Dario Amodei published an essay on Saturday urging labs and governments to pace the frontier of AI. Sam Altman agreed within hours, and OpenAI delayed its public offering to 2027 over safety concerns.

Amodei called for independent evaluators inside the labs, industry-wide rules and global coordination, and said Anthropic would move first. Elon Musk endorsed the idea as well, a rare moment of agreement among companies that normally compete on speed.

Trump signed orders this week banning Canadian spirits, beer, whey and larger motorcycles, with the restrictions starting Sept. 29. Separate tariff changes covering all-terrain vehicles and animal hides begin Sept. 15, two weeks ahead of the bans.

Apple's new chief executive unveiled the iPhone Duo on Wednesday, a book-style handset starting at $1,999. Sales begin Oct. 23, and a public beta of iOS 27 with a rebuilt Siri is promised for the same month.

Dion opened a 16-show Paris residency on Saturday, nearly four years after she announced a rare medical condition. Fifteen dates remain at the Plenitude Arena, where she opened in French and wept through the first song.

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Geopolitics is driving the week’s biggest uncertainties. Trump’s support for Irish unification breaks with decades of U.S. neutrality, while Moldova’s election will test whether another former Soviet republic moves closer to Europe or falls back toward Moscow’s orbit. Both stories center on borders and political identities that have remained unsettled long after the conflicts that shaped them.

Energy remains the more immediate economic risk. A deadly strike on a commercial vessel near Iran comes as Saudi Arabia’s East-West pipeline remains closed and tensions persist around Hormuz, leaving multiple routes for Middle Eastern oil exposed at once. With diesel already above $6 a gallon, another disruption could quickly filter through freight costs, inflation and household budgets.

The week ahead brings several potential turning points. Moldova votes with its geopolitical direction at stake, the Federal Reserve meets with higher fuel prices complicating its inflation outlook, and rescuers in Indonesia continue searching for roughly 140 people missing after the Java Sea ferry disaster. Each could materially change the picture before the next weekend arrives.

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Britain takes Quebec on the Plains of Abraham; Wolfe and Montcalm both die (1759) · Roald Dahl is born in Llandaff, Cardiff (1916) · El Azizia, Libya logs 136°F, a record that stood 90 years (1922) · The first New York City Marathon draws 127 starters (1970) · State police retake Attica; 29 inmates and 10 hostages are killed (1971) · "Law & Order" premieres on NBC (1990)

"With the exception of Indian massacres in the late 19th century, the State Police assault which ended the four-day prison uprising was the bloodiest one-day encounter between Americans since the Civil War." — The New York State Special Commission on Attica, 1972

That’s your Sunday edition of Five Minute Daily. Enjoy the rest of your weekend, and we’ll be back tomorrow with a fresh five-minute briefing.

—The Five Minute Daily Team