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Europe Today
Former Trump envoy warns Iran still has power over Strait
After more than two months of war between the US and Iran, a deal appears in sight to end hostilities and reopen the Strait of Hormuz, one of the world's vital shipping routes. However, former Trump official Kurt Volker says the conflict has effectively handed control of the Strait to Tehran.
Markets
Oil drops below $100 while markets rise as US and Iran near a deal
Brent crude has fallen below $100 a barrel while Asian markets reached new all-time highs and European stocks rose at the open on reports that the US and Iran are nearing a deal for the gradual reopening of the Strait of Hormuz.
Business
Lufthansa hits record revenue as Iran war fuel costs eat into profits
The German airline group posted its highest-ever revenue in 2025 and improved its first-quarter results, but soaring jet fuel costs linked to the Iran war are forcing route cuts and pushing annual profit below initial forecasts.
Europe News
EU MEPs, Commission officials and diplomats hunt for trade panacea
As tensions flare between Russia and Ukraine over competing ceasefires, and the Iran war shows no signs of ending, politicians in Brussels will spend Wednesday searching for a way to thrash out the final details of the EU-US trade agreement, lest they suffer more import levy threats from Trump.
Europe Today
NATO still in the dark over US plans to withdraw 5,000 troops
The US has not specified to NATO which operations will be impacted as part of the Pentagon's decision to remove 5,000 soldiers from German territory. European nations have been preparing for an eventual change in US force posture, but were not consulted before this announcement.
The Iran war refers to the ongoing military confrontation involving Iran, Israel and the United States, with fighting and tensions spreading across the region — stay up to date on the latest developments as the situation unfolds