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Trump holds talks on Iran with security team, White House says

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Iran

Trump says US military blockaded Iranian ports to pressure Tehran

The US blockade comes in an attempt to economically pressure Iran to reopen the Strait of Hormuz to maritime traffic after its six-week closure caused global oil prices to surge. Roughly 40 vessels have passed through since the start of the ceasefire, down from 100 or more per day before the war.

Iran

US blockade of Iran's ports starts as Trump threatens Tehran's navy

In a social media post on Sunday, Trump said his goal was to clear the Strait of Hormuz of mines and reopen it to all shipping, but that Iran must not be allowed to profit from controlling the key cargo waterway.

Europe News

What impact could an Iran ceasefire have on energy prices?

The announcement of a two-week ceasefire in the Middle East has triggered an immediate drop in oil and natural gas prices, raising hopes for lower energy bills. However, consumers might not see the effects for several months, even though the oil industry has issued some optimistic forecasts.

Japan

Macron lauds Europe's 'predictability' in apparent swipe at Trump

Macron's office had expressed surprise at Trump's criticism of France for not letting planes carrying military supplies for the conflict fly over its territory.

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Europe News

EU urges countries to remain aligned to cope with market volatility

Energy Commissioner Dan Jørgensen emphasized that EU unity is crucial to managing the energy crisis, with oil up 70% and natural gas 50%, raising concerns over supply security.

Iran

Trump tells allies to ‘go get your own oil’ amid Iranian Gulf attacks

Trump's comments come on the same day that gas prices in the US jumped past an average of $4 for the first time since 2022 as fuel prices continue to spike worldwide.

Iran

Trump threatens to destroy Iran's Kharg Island if deal not made soon

About 90% of Iran’s crude oil exports leave the country via the small island in the Persian Gulf's north, much of it destined for China and other Asian markets.

Europe Today

EU fisheries ‘under strain’ as conflict and costs bite, warns Kadis

Kadis warned of growing anxiety among EU governments as costs rise and markets remain volatile. “There’s real nervousness across the sector."

Markets

European markets mixed as Iran tensions push oil prices higher

Brent crude has jumped more than 50% since the Iran conflict began, as Asian markets fall and European stocks follow suit.

No Comment

Mexico races to clean crude from Veracruz coastline

Cleanup crews and navy personnel remained deployed along Mexico’s Gulf coast on 26 March after crude oil polluted beaches in Veracruz and Tabasco. Authorities said 128 tonnes of contaminated waste had been removed, while the source remains under investigation.

Cuba

Cuba readies for first Russian oil shipment of year amid energy crisis

Analysts say the shipment could produce about 180,000 barrels of diesel, enough to meet Cuba's daily needs for up to 10 days.

Business

Five European nations and Japan to 'contribute' to Hormuz security

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout.

Europe in Motion

Russia pocketing billions from two weeks of war in Iran, data shows

Moscow's fossil fuel earnings hit €7.7 billion in the two weeks after joint US-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the US to ease Russian sanctions.

Business

Strikes on Gulf energy hubs threaten global LNG supply for months

Strikes on key Gulf energy sites are becoming more frequent and more damaging, beginning to unsettle supply and expose vulnerabilities across the region.

Europe Today

Watch: European Council meets today. What will be discussed - and why it will be war?

Today, 27 EU leaders meet in Brussels for the European Council. The official agenda highlights competitiveness and migration, but war overshadows it all. Your reporter does not yet know exactly what they will say. But we can certainly guess what keeps them up at night.

Business

China treads carefully on energy interests in Iran war

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.