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Politics
Iran has declared the Strait of Hormuz “completely open” for all commercial vessels during the ongoing ceasefire, as announced by foreign minister Seyed Abbas Aragchi. This decision follows the recent easing of tensions and aims to stabilise global energy supplies. Further actions are anticipated.
Chagossians remain on Île du Coin as efforts to transfer the Chagos Islands to Mauritius collapse. First Minister Misley Mandarin asserts their determination to stay despite resource scarcity and threats of expulsion. Hundreds are ready to join them; however, essential supplies have been confiscated.
Viktor Orbán has conceded defeat in Hungary’s parliamentary elections to Peter Magyar, marking the end of his 16-year rule. Magyar, a political newcomer, promises “system change.” Supporters celebrated in Budapest as the nation anticipates this new chapter in governance.
The Republican People’s Party (CHP) re-elected Ozgur Ozel as chairman, garnering an overwhelming majority of votes amid ongoing protests against President Erdogan’s government following the jailing of Istanbul Mayor Ekrem Imamoglu.
Global stock markets plummeted overnight, with Japan’s Nikkei 225 falling nearly 8% and US stock market futures indicating further declines, as fears of a trade war escalate following President Trump’s new tariffs.
White House aides expressed mixed signals about Donald Trump’s tariff policies, with some suggesting room for negotiation while others dismissed the prospect.
Sir Keir Starmer announced plans to relax electric vehicle manufacturing rules in response to US tariffs that affect carmakers, particularly Jaguar Land Rover, which will “pause” shipments to the US.
US correspondents Mark Stone and David Blevins addressed various topics, including the implications of Trump’s “Liberation Day” tariffs on American consumers.
Sir Keir Starmer has said his government stands ready to use industrial policy to “shelter British business from the storm” after Donald Trump’s new 10% tariff kicked in.
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