Iran has been mulling a 14-point memorandum to end the fighting, even as tensions flare up in the Strait of Hormuz.
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U.S. President Donald Trump has set a July 4th deadline for the European Union to implement a trade deal brokered last summer.
The announcement comes days after Washington announced it was increasing tariffs on European cars due to frustrations over the agreement’s implementation.
William Denselow reports from Brussels.
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This is a test post from the FSN automation server. If you can see this on the blog, the pipeline is working. FSN Automation System — May 7, 2026
A US federal trade court has struck down President Donald Trump's global 10% tariff, declaring it illegal.
The White House imposed the rate in February after the Supreme Court ruled against the administration's Liberation Day tariffs.Lufthansa has announced that it is preparing for the possibility of refueling stopovers should a jet fuel shortage continue.
European supplies are at risk of running low due to the war in Iran and the disruption of fuel through the Strait of Hormuz.
William Denselow reports from Brussels.
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Shell has reported better than expected profits, boosted by soaring energy prices as a result of the Iran War.
Europe's biggest oil and gas company’s profits more than doubled- echoing rivals including BP, drawing criticism from campaigners as rising energy costs hit households.
Simon Gaitán reports.
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http://www.fsnradionews.com/feeds/0507ShellProfits.mp3INTRO: China’s top diplomat Wang Yi called for the swift reopening of the Strait of Hormuz during talks with his Iranian counterpart.
Moscow has threatened Kyiv with a massive strike if it disrupts the Red Square military parade planned on Saturday as part of celebrations of the victory over Nazi Germany during World War II. It advised foreign countries to evacuate diplomatic and other staff from Kiev. Kiev had earlier dismissed Russia-proposed Victory Day ceasefire as cynical, accusing Moscow of violating the short-term truce President Zelensky had proposed from May 5-6. The warning comes as mutual strikes by both sides continue, raising risks of the conflict flaring up. Daria Bondarchuk reports from Moscow.
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