Iota is expected to make landfall in nearly the exact same location where Hurricane Eta did about two weeks ago, according to the National Hurricane Center (NHC).
Tropical Storm Teddy is "likely to cause life-threatening surf and rip current conditions," the National Hurricane Center warned.
"La Niña" is a periodic climate pattern characterized by cooling of the sea surface in some parts of the Pacific Ocean.
As of September 9, there have been 17 named storms in the Atlantic Basin.
The two tropical systems that are expected to enter the Gulf next week both formed on Thursday in the Atlantic Basin.
At one point on Tuesday, Genevieve clocked wind speeds of around 130 miles per hour, making it a powerful Category 4 hurricane. It has now weakened to a tropical storm after lashing Baja California.
"2020 is set up to be a dangerous year for fires in the Amazon," NASA scientist Doug Morton said.
Heavy rainfall is expected in the sub-Himalayan region of West Bengal as well as the Indian states of Sikkim, Assam and Meghalaya through Thursday.
A thunderstorm advisory has been issued in parts of Luzon, the country's largest and most populous island.
Tropical storms often provide the perfect conditions for tornadoes to form when they make landfall.
The season's next tropical storm is expected to form in the Gulf of Mexico on Thursday and could hit Florida this weekend.
Karen hit Puerto Rico and the Virgin Islands, while Lorenzo is not expected to make landfall in any U.S. territories.
Karen is expected to bring heavy rainfall and gusty winds to Puerto Rico and both the British and U.S. Virgin Islands.
In general, extreme weather events are expected to become more frequent and intense, as global temperatures warm
"Floridians need to be prepared and take this latest development seriously," meteorologist Jayme King said.
A hurricane watch is in effect for Puerto Rico and parts of the Dominican Republic with the storm expected to gradually strengthen.
The U.S. and Caribbean are bracing themselves for another onslaught.