live Hopes for Hormuz deal fade as Trump adds new demands to Iran peace talks
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
The Council of the European Union has formally adopted two regulations implementing tariff commitments agreed in the 2025 EU-U.S. Joint Statement, removing the remaining customs duties on American industrial goods and completing the legislative process.
The move marks the latest step in strengthening the transatlantic trade relationship between the European Union and the United States.
The regulations remove EU customs duties on U.S. industrial imports, introduce tariff-rate quotas and reduce tariffs on certain American seafood and non-sensitive agricultural products. They also extend the suspension of duties on lobster imports, including processed lobster.
Michael Damianos said the measures strike a balance between open trade and protecting European businesses and workers.
The package also includes stronger safeguard mechanisms, allowing the European Commission to act quickly if imports surge or if Washington fails to uphold its side of the agreement.
Ursula von der Leyen said the changes would bring “greater choice and better prices” for businesses and consumers, calling it a reinforcement of the world’s most valuable transatlantic economic relationship.
The main regulation will remain in force until the end of 2029, when the European Commission will assess its economic impact and decide whether to extend it.
The suspension of lobster tariffs applies retroactively from 1 August 2025 and will remain in effect until July 2030.
EU-U.S. trade in goods and services exceeded €1.7 trillion in 2025, accounting for nearly 30% of global trade and 43% of global GDP.
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
For months, efforts to secure the Red Sea have focused on what is happening in the water. Naval deployments have increased, governments have expanded maritime cooperation and shipping companies have adapted to persistent security threats.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
North Korea has deployed troops, weapons and now, according to a Ukrainian intelligence official, a missile unit to support Russia's war against Ukraine, marking Pyongyang's most significant involvement in a war since the 1950s.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran seeks compensation and sanctions relief before reopening the Strait of Hormuz.
A criminal court in Damascus has sentenced former Syrian President Bashar al-Assad to death in absentia for premeditated murder, torture, arbitrary detention and crimes against humanity, according to Syria’s state news agency SANA.
Russia’s state nuclear corporation Rosatom plans to increase its workforce at Iran’s Bushehr Nuclear Power Plant to 100 specialists by the autumn, depending on the security situation and progress toward a halt in hostilities between Washington and Tehran.
U.S. President Donald Trump has warned FIFA against replacing its president, Gianni Infantino, as the football governing body faces mounting pressure over a failed proposal to sell an interest in the World Cup to private equity investors.
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