Caracas and the European Union have established a new cooperation agenda following discussions in the Venezuelan parliament, marking a significant economic pivot. This agreement coincides with Venezuela’s efforts to restore relations with the IMF and the World Bank.

Hungary’s incoming Prime Minister Péter Magyar announced that oil flows from Russia via the Druzhba pipeline could potentially resume next week, following communication from Hungary’s MOL. This pipeline, delivering oil through Ukraine, was halted after damage from a Russian drone strike in January, straining relations with Kyiv.

US Vice President JD Vance defended just war theory during a Turning Point USA event, criticising Pope Leo XIV’s stance on the war in Iran. Citing over a millennium of theological tradition, he warned the pontiff to tread carefully in theological matters. The pope was in Algeria, commemorating Saint Augustine.

The European Commission has dismissed claims of imminent jet fuel shortages, despite warnings from the International Energy Agency regarding potential cancellations of flights due to geopolitical disruptions. Officials state there are currently no shortages in the EU, though assessments and preparations for possible supply issues continue.

EFFECTS OF EU POLICY

This morning, Europe grapples with implications of new regulations, impacting trade and member state dynamics.
Key discussions continue over energy strategies and economic resilience.

Since Russia’s full-scale invasion of Ukraine, European countries have significantly increased their military and financial aid to Kyiv, providing extensive support in the form of weapons systems and ammunition for Ukrainian armed forces.