• The Hungarian Parliament voted 133-37 to repeal a previous decision to withdraw from the International Criminal Court (ICC), reversing a move initiated by former Prime Minister Viktor Orban.
• The withdrawal had been announced by Orban as a gesture of support for Israeli PM Benjamin Netanyahu, who faces an ICC arrest warrant, with Orban claiming the court had become "political."
• The reversal was driven by a bill introduced by the new Prime Minister, Peter Magyar, signaling a shift in Hungary's international legal alignment.
German defence minister responds to US president’s announcement that 5,000 US troops will leave bases in GermanyHello and welcome to our live coverage of events in the Middle East.The German defence minister, Boris Pistorius, said that it was “foreseeable” that the US would withdraw troops from Europe, after the Pentagon announced it would pull thousands of American soldiers from Germany.Trump said he is “not satisfied” with a new proposal from Iran on ending the war, as peace talks remain stalled despite a weeks-long ceasefire. Iran delivered the proposal text to mediator Pakistan on Thursday evening, Iranian state news agency Irna reported, without detailing its contents.The US state department said it was approving military sales totalling more than $8.6bn to Middle Eastern allies Israel, Qatar, Kuwait and the United Arab Emirates. It came as Washington warned European allies including the UK, Poland, Lithuania and Estonia to expect long delivery delays for US weapons as it scrambles to replenish stockpiles depleted by the Iran war, according to a report in the Fianancial Times citing multiple sources.In Lebanon, 12 people were killed in Israeli strikes in the south, Lebanon’s health ministry said, including in the town of Habboush, where the Israeli army had issued an evacuation order despite the continuing ceasefire. Israeli warplanes “launched a series of heavy strikes … less than an hour after” the warning, the state-run National News Agency said.The US Treasury Office warned that any shipping companies that paid tolls to Iran for passage through the strait of Hormuz, including charitable donations to organisations such as the Iranian Red Crescent Society, would risk punitive sanctions. Tehran has proposed charging fees on vessels passing through the strait, as part of a deal to end the war.Trump wrote to US lawmakers on Friday declaring hostilities with Iran “terminated”, despite no change in the US military posture, as he faces continuing pressure at home to seek congressional authorisation for the war.The state department’s announcement on Friday included approving military sales to Qatar of Patriot air and missile defence replenishment services costing $4.01bn and of advanced precision kill weapon systems (APKWS) costing $992.4m. They also included approval of the sale to Kuwait of an integrated battle command system costing $2.5bn and to Israel of APKWS costing $992.4m.Iran’s supreme leader Ayatollah Mojtaba Khamenei urged his people to wage economic battle and “disappoint” its enemies, as the war and years of sanctions take a toll. In a written statement he also said “the owners of damaged businesses should avoid, as much as possible, layoffs and separation of their workforce”. Continue reading...
• The United Arab Emirates withdrew from OPEC yesterday, marking a historic split from Saudi Arabia during the escalating regional crisis.
• This decision coincides with the Strait of Hormuz being almost entirely shut down due to a US naval blockade aimed at halting Iranian oil exports.
• The US is threatening to cut off major Chinese banks from its financial system to prevent processing of Iranian oil, intensifying global energy tensions.
• Niger's transitional government announced a three-month extension to its military cooperation agreement with France, pausing its expulsion of French troops and reversing its February timeline for withdrawal.
• The reversal follows intense negotiations between Paris and Niamey, with France agreeing to reduce its military footprint from 1,500 to 900 personnel and committing €200 million in civilian development aid.
• The compromise addresses security challenges in the Sahel region, where French and US military presence remains crucial to counterterrorism operations despite growing anti-Western sentiment among portions of Niger's military leadership.
Thom Tillis joins McConnell in warning withdrawal would aid rivals and threaten US securityUS politics live – latest updatesSign up for the Breaking News US newsletter emailA second Republican senator spoke out in defense of Nato on Thursday, joining Mitch McConnell and the Democrats, after Donald Trump said that he was “absolutely” considering withdrawing from the alliance after it refused to take part in the joint assault with Israel against Iran.“Nato stood by America when we were under attack and came to our aid after the September 11th attacks. Their soldiers fought and died alongside our troops in Afghanistan,” said Thom Tillis, a Republican, and Jeanne Shaheen, a Democrat, who co-chair the Senate Nato observer group. Continue reading...
• Blue Owl Capital investors requested $5.4 billion in redemptions from two private credit funds amid accelerating outflows in the financial services sector.
• The fund manager reversed its policy by capping redemptions at 5% to manage liquidity pressures effectively.
• This development highlights rising concerns over private credit market stability amid broader economic uncertainties.
• President Trump told allied nations to "go get your own oil" and stated it is not America's responsibility to keep the Strait of Hormuz open, shifting burden of regional security to countries dependent on the waterway.
• Trump reiterated the US military could conclude its Iranian operations within two to three weeks and said America will have no further involvement in Middle East strait security following withdrawal.
• The statements reflect Trump's isolationist stance on Middle East commitments, placing responsibility for maintaining critical shipping routes on regional allies rather than continuing US military presence and protection.
