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- US strikes Iranian military facilities after exchange of fire in Hormuz
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- Rumen Radev named Bulgaria’s new prime minister after election victory
- US confirms strikes on Iranian military sites amid tensions in Strait of Hormuz
- US threatens higher tariffs unless EU implements trade deal by 4 July
EU
Negotiations on the EU-US trade deal remain stalled, as the European Commission reported “progress” after late-night talks with MEPs and member state officials. Despite this, divisions persist over tariff safeguards, with further discussions scheduled for 19 May amid renewed US tariff threats.
Rumen Radev has been appointed Bulgaria’s new prime minister following last month’s parliamentary elections, where he won decisively. Radev, who aims to combat corruption and re-engage with Russia, faces pressing challenges, including budget drafting and judicial reforms, to secure nearly €400 million in EU funds.
US President Donald Trump has set a 4 July deadline for the European Union to implement its trade deal, warning of “much higher tariffs” if not met. This ultimatum follows a phone call with European Commission President Ursula von der Leyen, amid ongoing negotiations and rising tensions over trade commitments.
The Strait of Hormuz blockade poses a significant energy challenge for European governments, prompting urgent calls for demand reduction instead of blanket measures. National responses largely fail to meet the European Central Bank’s criteria, risking prolonged economic turmoil and ineffective financial aid.
EU ENERGY CRISIS
This morning, Europe prepares to address escalating energy challenges and potential impacts on supply chains and economies.
Key discussions centre on strategic responses.
European transport ministers are considering importing jet fuel from alternative sources, including the United States, amid potential shortages caused by disruptions in the Middle East. Transport Commissioner Apostolos Tzitzikostas confirmed this development as airlines warned of possible flight cancellations linked to supply issues.
Spain, Ireland and Slovenia’s proposal to suspend the EU–Israel Association Agreement over alleged war crimes in Lebanon and Palestine did not gain enough backing from EU foreign ministers. Nonetheless, a related initiative regarding settlement goods will be forwarded to the European Commission for consideration.
Emmanuel Macron is set to meet Lebanese Prime Minister Nawaf Salam amid rising tensions following the death of a French UN soldier in Lebanon. France aims to reaffirm its commitment to Lebanon’s sovereignty and the ceasefire terms, while discussions continue regarding future security in the region.
Norway’s foreign affairs minister, Espen Barth Eide, asserted that Europe is fulfilling its role in the Hormuz Strait, while emphasising that NATO is not involved in the Iran conflict. His comments highlight the distinct positions of European nations and NATO regarding regional security dynamics.
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