Politics Desk
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European markets fell mid-morning as investors fretted over a possible escalation in the Middle East. Brent jumped above $106, bond yields rose, and the OECD cut Italy's growth outlook while warning of wider risks.
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Analyst Muyu Xu warns that rising conflict around Iran could push oil as high as $120 a barrel if supply routes are disrupted, with import-reliant countries bearing the brunt.
After a disappointing referendum result, Forza Italia senators pushed out Maurizio Gasparri. Stefania Craxi, a seasoned Senate committee chair, is set to replace him as group leader.
Boris Pistorius warned the conflict involving Iran is already taking a heavy toll on world economies, called for a ceasefire, and said Germany will not be drawn into military engagement.
Daniela Santanchè resigns, and her statement "I obey and pay also for others" fuels political debate. A story dominating the front pages that could have significant effects on the government’s balance.
Tehran warns it could expand pressure beyond the Strait of Hormuz to Bab el-Mandab, raising the stakes for global shipping and complicating any US response.
President Trump urged European partners to help secure the Strait of Hormuz, but allies balked, calling his requests muddled and impractical while NATO seeks a collective path forward.
A US oil blockade has cut fuel supplies to Cuba, leaving an aging electricity system struggling. Frequent blackouts are already disrupting daily life and could create deeper humanitarian and political consequences, say observers and media reports.
Denmark’s outgoing PM Mette Frederiksen has been asked to try to form a new coalition after an election left no clear majority. Her Social Democrats suffered their worst result since 1903 but remain the largest party. The centrist Moderates hold the balance of power.
International aid convoys are arriving in Cuba to protest a U.S. fuel blockade as the island copes with long blackouts and heightened threats of a takeover. The Cuban government is bracing for possible military confrontation. A new episode of The Take explores how close this pressure is bringing the island to a breaking point.
Tehran dismissed a 15-point U.S. proposal to end the nearly month-long conflict as unrealistic and misleading. Mediators including Pakistan, Egypt and Türkiye are pushing for talks, while both sides keep exchanging messages and launching strikes.
Operation Epic Fury has pushed thousands of US troops toward the Gulf. Here’s who is going, what they can actually do, and why this build-up looks more like pressure than a full ground war.