Oil prices fell ahead of the G7 summit opening on June 15. On June 12, Reuters reported Brent crude futures settled at $87.33 a barrel, down 3.37%, after falling to their lowest level since early March as traders grew more confident about a U.S.-Iran peace agreement. That gave President Trump something he badly needed at…
Draft EU summit conclusions undergo changes by nature. Some are more significant than others. The version dated 16 June has removed a line on the Gaza and West Bank, suggesting Germany still won’t budge on trade bans against Israeli settlers, let alone on Israel more broadly. Although later tweaked and reintroduced, the back and forth…
It has played badly in Berlin, but the diplomatic spat between Kaja Kallas and Israel might well end up playing in her favour. The EU foreign affairs chief has been widely viewed as soft on Israel. But in recent weeks, that perception has begun to change, in no small part due to a row between…
Israel’s foreign minister said Thursday that he was severing all contact with the European Union’s top diplomat Kaja Kallas over reported remarks in which she allegedly compared Israel to the apartheid regime that once ruled South Africa. Diplomatic relations between Israel and the EU have come under heavy strain since the Gaza war erupted in…
Israel’s foreign minister said on Thursday that he has “no choice but to sever all contact” with the EU’s top diplomat, Kaja Kallas, until she retracts comments comparing Israel’s treatment of Palestinians to apartheid-era South Africa. Euractiv reported last week that Kallas – the EU’s High Representative for Foreign Affairs and Security Policy and a vice-president…
The Israel Defense Forces (IDF) on Thursday released an official map outlining the security zone where its troops are currently operating in southern Lebanon. According to the IDF, Israeli forces are deployed up to approximately 10 kilometers (6.2 miles) inside Lebanese territory. The military said the deployment is based on operational requirements aimed at addressing…
BAKU, Azerbaijan, June 18. Azerbaijan has a strategic advantage to become a transport and energy hub of the region, the Islamic Development Bank (IsDB) Group’s Regional Hub Director in Türkiye, Walid Abdelwahab, told Trend on the sidelines of the 51st Annual Meeting of IsDB Group held in Baku. He noted that Azerbaijan’s priority projects are…
The Middle East and wider region have positive expectations regarding the new agreement between the US and Iran. As this develops, it is clear that many countries and companies will now be seeking to take advantage of the potential reduction in conflict to secure new trade deals. One of the key features of this new…
The United States and Iran have signed a Memorandum of Understanding (MoU), marking a significant step towards ending a conflict that has unsettled global markets and disrupted trade over the past three months. The agreement, signed by US President Donald Trump and Iranian President Masoud Pezeshkian, includes a commitment from both sides to reopen the…
(June 17, 2026 / JNS) Following a deadlock in attempts to slap Israel with E.U. sanctions, the European Commission is working on a plan to restrict trade with Israel in connection with its presence in Judea and Samaria, according to diplomats cited by the Euronews website on Tuesday. The nature of the restrictions envisioned is…
