Year: 2026

The European Parliament has adopted its stance on the EU long-term budget, advocating for a 10% increase and the implementation of EU-level taxes. Members of the European Parliament are prepared for rigorous negotiations as discussions regarding the budget for the 2028-2034 cycle progress.

The United States is scrutinising Iran’s recent proposal aimed at de-escalating tensions. Iran seeks to reopen the strategic Strait of Hormuz while postponing discussions on its nuclear programme. Early reactions from the Trump administration suggest the offer may be rejected, potentially prolonging the conflict.

Bosnia and Herzegovina has signed a significant deal with Croatia to build a gas pipeline backed by US investors tied to Donald Trump, aimed at reducing dependence on Russian gas. The European Union cautioned that this agreement may jeopardise Bosnia’s EU membership bid and associated funding due to transparency issues.

Iran has offered to reopen the Strait of Hormuz if the US lifts its blockade, but Washington remains focused on nuclear limits and has little appetite for a deal that separates shipping from enrichment. King Charles is in Washington to speak about renewal in the UK-US relationship, while North Korea is deepening its military bond with Russia and Mali faces a major jihadist offensive. Markets are watching oil, central banks and energy costs, while global politics continues to move through trade routes, alliances and domestic pressure points.

King Charles will address Congress today as Britain’s relationship with Washington sits under unusual strain. At home, Westminster turns back to the Mandelson affair, with Philip Barton and Morgan McSweeney facing MPs and a vote expected on whether Keir Starmer should be referred to the privileges committee. Rachel Reeves is weighing a one-year rent freeze, Robert Jenrick faces a Met investigation, and the assisted political backdrop is already sharpening before local elections. Globally, Iran’s Hormuz proposal, turmoil in Mali and North Korea’s Russia ties add a heavier edge to the week.

The US Coast Guard’s final report criticises OceanGate for severe safety failures leading to the Titan disaster. Notable victims included Shahzada Dawood and his son Suleman, who died alongside three others when the submersible imploded. OceanGate has since suspended operations.

Ukraine is launching arms exports to global markets, as announced by President Volodymyr Zelenskyy. This initiative, aimed at countries supporting Ukraine, includes “Drone Deals” for the supply of drones, ammunition, and expertise. The effort seeks to leverage Ukraine’s surplus production capacity while ensuring domestic military needs remain a priority.

A gunman has opened fire at a social security office and courthouse in central Athens, wounding several individuals. The suspect, an 89-year-old man, was reported to be armed with a shotgun. A police operation is currently underway to locate him.

Relations between Hungary and its neighbours deteriorated ahead of the 12 April election, which saw newcomer Magyar defeat long-standing nationalist leader Viktor Orbán. This political shift marks a significant change in Hungary’s approach to regional relations and governance.

A 2,000-year-old headless statue of Athena has been uncovered in the ancient city of Laodicea, Turkey, during excavation work. Significant for its size and craftsmanship, the white marble statue features intricate details. Restoration efforts at the site will continue throughout 2026.