EU

The European Union and United States firmed their collaboration on critical minerals, signing a Memorandum of Understanding to enhance supply chain diversity and bolster national security. US Secretary of State Marco Rubio emphasised the importance of a broadening mineral base to mitigate risks associated with over-concentration in specific regions.

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EU leaders have committed to enhancing security and economic ties with Middle East partners while advocating for a diplomatic resolution to the Iran war. Talks in Cyprus included discussions on rising energy prices due to the conflict and the potential formation of a multinational force to secure the Strait of Hormuz.

António Costa, President of the European Council, stated that enhanced cooperation in the EU is “a non-issue,” countering calls for a two-speed Europe for economic reforms. His comments follow proposals from others, including European Commission President Ursula von der Leyen, emphasizing urgency for progress.

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