live Iran unveils map asserting control over Strait of Hormuz, state media says- Monday, 4 May
Iran warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the United S...
European stock markets closed Monday with gains as investors focused on a confidence vote in the French parliament.
The pan-European Stoxx 600 index rose 0.52% to finish at 552.04 points. Germany’s DAX 40 increased 0.89% to 23,807.13, while the UK’s FTSE 100 edged up 0.14% to 9,221.44.
France’s CAC 40 climbed 0.78% to 7,734.84, Italy’s FTSE MIB gained 0.28% to 41,723.69, and Spain’s IBEX 35 rose 1.02% to 15,002.2 points.
Market attention centred on the upcoming confidence vote in France after Prime Minister François Bayrou announced he would seek a vote ahead of the 2026 budget, which envisages roughly €43 billion (around $50.5 billion) in public spending cuts and includes the removal of certain public holidays.
In currency markets, the euro/dollar rate rose 0.18% to 1.1740 as of 16:38 GMT.
China has moved to block U.S. sanctions on five of its oil refineries, in a fresh escalation of tensions over trade and energy policy.
U.S. President Donald Trump has said he will “soon be reviewing” a new 14-point proposal sent by Iran, casting doubt on the chances of a deal after Tehran called for security guarantees, an end to naval blockades and a halt to the war across the region, including in Lebanon.
Iran warned U.S. forces on Monday not to enter the Strait of Hormuz after President Donald Trump said the United States would "guide out" ships stranded in the Gulf by the U.S.-Israeli war on Iran.
Ukraine has launched a new wave of drone strikes on Sunday (3 May) across Russia, hitting key infrastructure and causing casualties in several regions, officials on both sides said.
President Donald Trump has said the United States could restart strikes on Iran “if they misbehave”, as he waits to review the full details of a new proposal from Tehran.
U.S. President Donald Trump has said he will raise tariffs on cars and trucks imported from the European Union to 25% next week, up from the 15% level agreed last year, accusing the bloc of failing to comply with its trade commitments.
The decision by the United Arab Emirates to leave OPEC+ on 1 May has put renewed focus on one of the most influential groups in global energy - and how its decisions can shape oil prices worldwide.
The United Arab Emirates has said it's quitting OPEC from 1 May, dealing a major blow to the oil producers’ group and its de facto leader, Saudi Arabia, amid disruption caused by the Iran war.
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield.
China has ordered Meta to unwind its more than $2 billion acquisition of artificial intelligence start-up Manus, marking a major escalation in Beijing’s scrutiny of foreign investment in sensitive technology sectors. The order was issued on Monday by the National Development and Reform Commission.
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