Imani Moise

The U.K.

says it spoiled a secret operation by Russian submarines in the North Atlantic.

Officials say they believe Russians didn't damage critical undersea infrastructure like pipelines and telecommunications cables.

WSJ-UK Bureau Chief David Luno joins us now to explain why officials are anxious about the vulnerabilities of these undersea cables.

David, why is Russia interested in these cables?

What did British authorities say about the operation?

And in a news conference, UK Defense Secretary John Healey had a warning for Russia's President Vladimir Putin.

Russia's embassy in London didn't respond to requests for comment.

But what's the background here, David?

This isn't an isolated incident, right?

And is this related at all to the war in Iran?

That was WSJ UK Bureau Chief David Lunau.

Thanks for joining us, David.

Coming up, what's driving the drop in U.S.

birth rates?

And why American is the latest airline to raise fees for checked bags.

That and more, coming after the break.

Americans are paying more than ever to homeowners associations.

That comes on top of elevated mortgage rates and near-record home prices.

WSJ housing reporter Nicole Friedman joins us now to discuss how that could affect people's ability to buy a home.