Author: Euronews

One month has passed since the US and Israel fired the opening salvo in Iran, kickstarting a war which has destabilised the region, disrupted global supply chains and caused an international oil price crisis, as attacks on energy infrastructure continue and shipping remains closed via the strategic Strait of Hormuz. ADVERTISEMENT ADVERTISEMENT US President Donald Trump outlined five objectives for Washington to achieve before ending its war with Iran. But now, one month in, he has suggested that the US may soon be “winding down” its operation, despite some of his key aims remaining undefined or unfulfilled. By most accounts,…

Published on 27/03/2026 – 16:29 GMT+1 Finland’s Defence Minister Antti Häkkänen told Euronews he expects all weapons destined for Ukraine, purchased from the US by European countries, to be delivered. ADVERTISEMENT ADVERTISEMENT Häkkänen said Helsinki would check to ensure Washington honours contracts signed with European NATO countries that have brought weapons for Ukraine from US military contractors. The issue arises from a Washington Post report that the Pentagon is considering diverting crucial military equipment intended for the Ukrainian defence forces to the Iran war. “Every time we are assessing how the money is being spent, and we are trusting that…

European Central Bank President Christine Lagarde has warned that markets are “overly optimistic” about the Iran war’s economic impact, as stocks fell across Europe, Asia and Wall Street on Friday.

Prolonged disruption to liquified natural gas (LNG) supplies from the Middle East could send prices sharply higher and revive memories of the 2022 energy crisis, analysts warn, as Europe’s gas market is once again on edge. ADVERTISEMENT ADVERTISEMENT Gas prices could climb as high as €155/MWh, tripling the current price of around €50/MWh, if Qatari LNG exports are halted for three months due to the escalating conflict in the Middle East, according to an analysis published on Thursday by Montel Analytics. The shutdown of shipping through the Strait of Hormuz and the rerouting of LNG tankers from Europe to Asia…

A report published this month by the McKinsey Global Institute offers one of the most rigorous accountings of last year’s trade war. Its verdict confounds almost every prediction made when the tariffs were first introduced.

Published on 25/03/2026 – 15:39 GMT+1 Lille will host the European Custom Authority, a new decentralised agency tasked with supporting and coordinating national customs administrations across the bloc. ADVERTISEMENT ADVERTISEMENT The decision was made on Wednesday in Brussels, after EU lawmakers from the European Parliament and the Council of the EU voted on the matter in three rounds. “France is one of Europe’s leading customs nations, [considering] one in three parcels entering the EU passes through French territory,” Dutch MEP Dirk Gotink, rapporteur on the customs reform, said in a press statement. “Lille’s strategic location at the crossroads of Europe…

Estonia’s internal security service said that a drone fired from Russia hit the chimney of a power plant in northeastern Estonia.

Published on 24/03/2026 – 14:37 GMT+1 The European Commission has delayed the presentation of a highly anticipated proposal to permanently ban the imports of Russian oil, as the war in the Middle East continues to send shockwaves across energy markets and keep the Brent barrel over $100. ADVERTISEMENT ADVERTISEMENT It also comes amid a tense standoff with Hungary and Slovakia, the only two member states that still buy Russian oil, over the Soviet-era Druzhba pipeline. The legislation, which is part of the REPowerEU roadmap, was tentatively scheduled to be unveiled on 15 April, but the date has now been removed…

Nordic leaders have ruled out the idea of issuing common debt at the European Union level to provide a €140 billion reparations loan to Ukraine, insisting the money should come from immobilised Russian assets rather than national budgets. “I think, to be honest, it’s the only way forward and I really like the idea that Russia pays for the damages they have they have done and committed in Ukraine,” Danish Prime Minister Mette Frederiksen said on Tuesday. The project, known as a “reparations loan”, was blocked last week by Belgium, which holds the bulk of the frozen assets from the…

The earnings come after the bank said on Monday it would set aside $1.1 billion to cover litigation by investors who lost money in the Madoff fraud scandal.