The G7’s plan to release up to 100 million barrels of oil aims to fulfil its commitment from March’s 400-million-barrel emergency release, according to an internal IEA document. Despite some European nations already meeting obligations, ongoing tensions in the Middle East continue to impact diesel supply.

A Russian court sentenced Igor Yuryevich Odintsov, 68, to six years in prison for “publicly justifying terrorism” after he swam from Kaliningrad to Lithuania seeking asylum. He is barred from managing websites for three years post-release, reflecting ongoing tensions surrounding dissent in Russia.

Maricarmen Abascal, an elderly woman whose eviction in Madrid ignited nationwide protests, has died following her hospitalisation. Her case, reflecting Spain’s housing crisis, led to mass demonstrations and ultimately prompted Prime Minister Pedro Sanchez to call early elections amid ongoing civil unrest.

Swedish police have shot and wounded an armed man outside the royal palace in central Stockholm. The incident occurred in the city’s centre, and the man has since been transported to a hospital for treatment. Further details regarding the circumstances are pending.

Relations between Brussels and Beijing reach a pivotal moment, with the European Commission aiming for “tangible” results by October to address a record €1 billion daily trade deficit with China. Crucial discussions led by EU Trade Commissioner Maroš Šefčovič will occur in Beijing this week, shaping the future of EU-China trade policy.

EU POLICY UPDATES

This morning, discussions intensify on EU sanctions and economic measures affecting relations with external partners.
Focus remains on trade and security implications.