The military conflict between Iran and Israel has heightened geopolitical and security risks across the Middle East, with some sovereign credit profiles potentially facing adverse effects if violence escalates.
China has launched a new international mediation organisation in Hong Kong on May 30, signed by 31 countries
Gaza and Lebanon dominated the 34th Arab League Summit as some top brass skipped attendance.
Israel Air Force carried out a second strike within 24 hours on Houthi targets in Yemen.
Israel has carried out airstrikes against Houthi rebels in Yemen's Red Sea port city of Hodeida, a day after the unrecognised Yemeni regime launched a missile that hit Israel's main airport a day earlier.
Israel is preparing to retaliate against a Yemeni missile attack that targeted Ben-Gurion Airport on May 5, following a security cabinet decision.
“Unfortunately Israel is taking out, one by one, all military capabilities that a new state can use,” says Turkish foreign minister.
Threat to bomb Iran over its nuclear programme also on agenda.
Newly analysed satellite images show the deployment of at least six nuclear-capable B-2 bombers to Camp Thunder Bay on Diego Garcia in the Indian Ocean.