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Europe News
Rubio urges Europe to take on more defence responsibility
The US secretary of state held talks on energy, military cooperation and regional security, pointing to Greece as an example of higher defence spending. The agenda also included LNG, F-35s, the Eastern Mediterranean and the Strait of Hormuz.
Economy
Trump defers tax on red-dyed diesel for truckers as fuel costs bite
US President Donald Trump has signed an executive order deferring tax payments on red-dyed diesel used on public roads, as near-record fuel prices linked to the Iran war weigh on the Republican Party weeks before the midterm elections.
Europe News
US meeting in Poland excluding France, UK, Baltics risks dividing NATO
US Undersecretary of Defense Elbridge Colby is hosting representatives from five key NATO members in Poland to discuss defence capabilities and the future of the alliance. Critics warn the exclusion of some Allies risks creating a “toxic” divide.
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Markets
Bond rout pauses after French and UK yields hit decades-long highs
Government bond markets steadied on Friday morning after a sell-off pushed France's 10-year borrowing costs to their highest since 2002, lifted UK 30-year yields above 6% for the first time since 1998 and drove the benchmark US 10-year yield to a 24-year high.
Iran
Iran warns no regional oil is safe as IRGC touts new weapons
Parliament speaker Ghalibaf said if Iran cannot sell oil, "no one in the region will sell oil," as the IRGC called Trump "a big liar," said US bases were the "only source of insecurity" in the region and warned new weapons were being prepared for the battlefield.
Economy
US and China list goods for tariff cuts, what it could mean for Europe
Washington has published the lists of goods the US and China could tax at lower rates under their "30-for-30" framework, covering about $30bn (€26.3bn) in annual trade each way. No rates or start date have been set, but US pork, dairy and whiskey on Beijing's list could squeeze European exports.
World News
IRGC claims, US denies seizure of underwater US drone in Hormuz
Iran's Revolutionary Guards claim that the vehicle is a REMUS 600 and has been handed over to Iranian military experts "to retrieve its data," but the US military denies the claim. Top Iranian army commander says "the war is not over" and that it is now in "a critical and decisive stage".
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