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Valdis Dombrovskis

Valdis Dombrovskis

11th Prime Minister of Latvia

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  • Jun 12

    Eurogroup president pushes for fiscal leeway on energy investments as Strait of Hormuz crisis persists

    Finance ministers of the eurozone discussed a European Commission proposal to grant member states temporary fiscal flexibility for energy‑security investments, against the backdrop of sustained high prices and the closure of the Strait of Hormuz. Eurogroup President Kyriakos Pierrakakis backed the plan, while Germany sounded a note of caution.

Today’s Brief

Hormuz tolls and Bastille armour

Trump strains Hormuz as Europe rearms and US politics loses a sanctions hawk

The serious news clustered around force and its price. Washington and Tehran traded blows around the Gulf, Europe put military solidarity on parade in Paris, and political shocks in Washington and Madrid complicated already fragile coalitions.

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World · Updated 1h ago

Important

The Middle East after Gaza

The direct military escalation between the US and Iran, including fresh US strikes and Iran's declaration of the Strait of Hormuz closure, represents a fundamental shift in the regional security posture.

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