EU is said to considers joint defence bonds amid concerns around the Iran war, Welt reports; a proposal is to be presented; defence bonds could be backed by member states
Newsquawk Staff ·
EU is said to considers joint defence bonds amid concerns around the Iran war, Welt reports; a proposal is to be presented; defence bonds could be backed by member states.
What it means
The EU's consideration of joint defense bonds indicates a potential shift in strategy to bolster military funding in response to heightened tensions, specifically concerning the Iran conflict. This could lead to increased market volatility in energy prices and defense-related assets, highlighting the interconnectedness between geopolitical developments and commodity markets.
Sources
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.
- Violating oil tanker catches fire after hitting a mine in the eastern Strait of Hormuz, reports Irib
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