EU

US President Donald Trump has urged NATO allies to devise a plan within days to reopen the Strait of Hormuz, crucial for global energy supplies. Following talks with NATO Secretary General Mark Rutte in Washington, expectations for military deployment and action remain amidst European reluctance.

As Hungary’s elections approach, EU officials are preparing for potential outcomes, anticipating continued tensions under Viktor Orbán or a cautious reset with opposition leader Péter Magyar. Both pathways hold significant implications for Hungary’s relationship with the EU and its ongoing funding disputes.

European Union defence ministers have approved the national investment plans of eight member states, enabling the first disbursements under the €150 billion Security Action for Europe scheme. Cyprus Defence Minister Vasilis Palmas emphasised the EU’s commitment to strengthening security amid rising defence needs.

Industry leaders, including EUROFER President Henrik Adam, demanded urgent EU action to lower high electricity prices, which threaten competitiveness and investment in energy-intensive sectors. They seek costs around €50/MWh to support decarbonisation and restore industrial capacity amid rising global competition.

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