Tropical Storm Sara formed Thursday afternoon in the western Caribbean and is headed toward Honduras. Forecasters advised Florida residents to keep an eye on its track.

Tropical Storm Sara formed this afternoon and threatens to bring "life-threatening and potentially catastrophic flash flooding and mudslides" to Honduras throughout the weekend, according to the latest update from the National Hurricane Center. A turn toward Florida is still possible, forecasters said.

A newly formed Tropical Storm in the Caribbean could enter the Gulf of Mexico next week as a depression after crossing over the Yucatan peninsula, potentially reducing the chances it could pose a major threat to Florida later in the week.