The United Kingdom is set to host a global summit on artificial intelligence (AI) in November, aiming to position itself as a leader in AI safety and regulation. The summit will be held at Bletchley Park, the historic site where mathematician Alan Turing and others cracked Nazi Germany’s Enigma code during World War II. The event will bring together executives from technology companies, government officials, and academics to discuss the risks associated with AI and explore ways to mitigate those risks.

Copper and iron ore prices slipped on Wednesday as a key meeting of China’s top policymakers disappointed investors hoping for more aggressive stimulus, while looming U.S. tariffs added further pressure to industrial metals markets.

In a closely watched Politburo meeting, China’s Communist Party leadership pledged to implement “forceful” macroeconomic measures to support the country’s flagging economy. The official readout promised a more proactive fiscal policy and moderately loose monetary policy, but investors were left wanting more, as there were no concrete announcements of large-scale stimulus programs.

Just as the Russian invasion forced Europe to fundamentally rethink its energy dependence, the closure of the Strait of Hormuz is now driving an analogous reckoning across Asia. The current state of the strait remains one of near-total closure, with ship tracking indicating ninety to ninety-five percent of normal traffic eliminated and almost no oil or gas escaping from inside the strait for three months.

The recovery timeline, even under the most optimistic assumptions, is sobering. With roughly a hundred ships passing through daily before the closure and hundreds now trapped inside, simply clearing the backlog would take months even if the strait reopened immediately.