World

US Urges G7 to Adopt Tougher Sanctions on Iran, While Europe Pushes to End the War

U.S. Treasury Secretary Scott Bessent used this week’s G7 finance ministers’ meeting in Paris to urge allies to intensify economic pressure on Iran.

US Pauses $14 Billion Arms Sale to Taiwan Over Munitions Needs for Iran War

Acting Navy Secretary Hung Cao says the Trump administration is delaying the major Taiwan arms package to prioritize weapons for the Iran conflict. The United...
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EU Expands Iran Sanctions to Include Threats to Freedom of Navigation in the Middle East

“EU foreign ministers voted to expand the bloc’s sanctions framework on Iran to include actions threatening freedom of navigation in the Middle East.

US to Send 5,000 More Troops to Poland, Trump Announces

Due to President Trump's positive relationship with Polish President Karol Nawrocki, the U.S. military will send 5,000 more troops to Poland,

Trump Says US Should Take Control of Iran’s Uranium, Will ‘Probably Destroy It’

President Donald Trump reaffirmed that the U.S. government should take control of Iran’s buried uranium as part of a deal ending the conflict with Iran.

Eurozone Cuts Growth Forecast as Iran Conflict Fuels Inflation, Says EU

The European Union has said there will be a slowdown in growth as a result of the “energy shock” triggered by the Iran conflict, according to the latest forecast.

EU Advances US Trade Deal Ahead of Trump’s July Deadline

European lawmakers agreed to remove import duties on U.S. goods ahead of Trump’s July 4 deadline for the bloc to implement trade commitments.

Hormuz Strait Traffic Picks Up, UN Calls for Open Access Amid US–Iran Talks

At least 54 vessels passed through the Strait of Hormuz during the week ending May 18, according to Lloyd’s List Intelligence data.