EU

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.

World leaders are convening in Yerevan, Armenia, for the 8th European Political Community meeting, focusing on unity and stability in Europe. Among the attendees are British Prime Minister Sir Keir Starmer and Ukrainian President Volodymyr Zelenskyy, as nearly 50 countries discuss geopolitical challenges, including US-Iran tensions.

Donald Trump’s abrupt announcement to withdraw 5,000 active-duty troops from Germany caught allies off guard. The decision escalates tensions with German Chancellor Friedrich Merz, who has been vocal in his criticism of US actions regarding the war in Iran and broader strategic issues.

A new US-led coalition aims to secure navigation through the Strait of Hormuz, complementing existing efforts by France and the UK, according to France’s Foreign Minister Jean-Noël Barrot. This initiative, announced as “Maritime Freedom Construct,” reflects heightened concerns over maritime safety amid rising tensions in the region.

US President Donald Trump announced on Friday his intention to increase tariffs on cars and trucks from the European Union to 25% next week, citing non-compliance with a trade deal. The move exacerbates tensions amid ongoing negotiations regarding EU-US trade relations.

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