ANOTHER ESCALATION IN THE SAUDI-IRANIAN SPLIT Iran is claiming that Saudi Arabia conducted airstrikes on its embassy in Yemen’s capital, Sanaa, which has suffered heavily during the country’s long-running war. The charges come despite the fact that Associated Press reporters were unable to see any damage at the Iranian Embassy compound.

Iran made the claim on state television. If substantiated, it would pull tensions between Riyadh and Tehran even further toward all-out conflict. Earlier this week, Saudi Arabia announced it was severing all ties with Iran over a ransacking of its embassy in Tehran, which occurred during a protest against the execution of a prominent Shiite cleric in Saudi Arabia. The standoff between the two powerbroker nations of the Middle East has likely consequences for the conflicts in the region, particularly the international campaign to defeat the Islamic State.

GLOBAL MARKET SLUMP China has been dragging down global markets for almost a week now, but the panic spiked Thursday when China stopped trading cold less than 30 minutes after the market opened – because things were looking so bad that the slump triggered an automatic halt in trading, which may have worsened the trend.

It isn’t a good sign for China, which has been weathering currency devaluations, an equity market collapse, and fears of looming bubbles elsewhere in the economy. And a rocky road for the world’s second-largest economy isn’t great news for the rest of the globe – especially places like Russia, where the ruble has also been tanking as oil prices fall.

AMERICAN CHARGED IN AFGHANISTAN MILITARY BASE ATTACK An American already in custody on terrorism charges is facing new allegations that he planned a bomb attack on a U.S. military base in 2009. The accused is Texas-born Muhanad Mahmoud al-Farekh, who was once considered a top al-Qaeda operative. He is facing trial in New York.