EU

A ceasefire between the United States and Iran was announced on Tuesday after six weeks of conflict in the Middle East, contingent upon Iran reopening the Strait of Hormuz. However, instability persists as Iran closed the waterway in response to Israeli attacks, complicating energy security for European consumers.

US Vice-President JD Vance is set to visit Pakistan for peace talks with Iran, amidst a fragile ceasefire between the two nations. This diplomatic engagement highlights the ongoing efforts to stabilise relations in the region, indicating a significant move in international negotiations.

European Commission President Ursula von der Leyen stated the proposed “European preference” aims to prioritise EU-made products in public procurement, essential for enhancing competitiveness and reducing dependency on foreign imports. Industry leaders warn of supply chain disruptions and increased costs.

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