Tom Ozimek

The French president said nationalism and industrial rivalries threaten Europe’s efforts to rearm and assume greater responsibility for its own defense.

Fresh strikes and competing claims over control of the strait have rattled investors and slowed tanker traffic.

The warning came as Trump said Washington had agreed to resume talks with Tehran, but added that the ceasefire is effectively ‘over.’

The report said the fentanyl market’s resilience could reflect the emergence of other criminal groups filling production gaps.

Renewed U.S. strikes and Iranian attacks on shipping have reversed the Strait of Hormuz’s fragile recovery and heightened regional security risks.

The UK-led project aims to bolster NATO’s strike capabilities as Washington pushes Europe to shoulder a greater share of NATO’s defense burden.

Trump said that negotiations could continue on a broader U.S.–Iran peace deal, while warning that the United States is gearing up for more strikes against Iran.

It comes amid a fragile shipping recovery in Hormuz, where traffic remains subdued and security threats continue despite the ongoing U.S.-Iran ceasefire.

The threat level remains ’substantial' despite the U.S.–Iran truce, as a fleet of 10 Japan-linked ships exited the strait after a long delay, authorities said.

Falling crude prices are translating into relief at the pump before the Independence Day weekend, with Trump pressing retailers to cut prices even faster.