Trump ends U.S.-Iran ceasefire after strikes hit 80 targets
Why it matters: Brent crude jumped 5.7% after the U.S. hit shipping-linked targets and revoked Iran's oil-sale waiver.
BBC News (World), Bloomberg +6
Subject
#Mark Rutte
Trump arrives in Ankara to meet Erdogan ahead of NATO summit
In Ankara, Trump also blasted European allies for declining to back U.S. efforts to reopen the Strait of Hormuz.
Bloomberg, CNN Indonesia +4
Trump lands in Ankara for NATO summit as allies brace for clashes
What's new: Defense spending, Ukraine and fallout from U.S. strikes on Iran are set to dominate the two-day meeting.
Bloomberg, The New York Times +7
Trump threatens Spain trade cutoff in NATO spending clash
Why it matters: Spain is in the EU customs bloc, so any U.S. move against Spanish trade would trigger wider legal and diplomatic fallout.
Bloomberg, CNBC +4
Rutte frames Trump’s NATO outbursts as allies push $1.2T defense rise
Why it matters: The Ankara summit tested alliance unity as Trump threatened Spain on trade and revived his push for Greenland.
BBC News (World), CNBC
Rutte presses NATO allies for plans to hit 5% defense target
Why it matters: The push comes as Washington shifts more of Europe’s security burden onto allies ahead of the Ankara summit.
Bloomberg, The New York Times +1
NATO set to roll out arms deals worth tens of billions at Ankara summit
What's new: Allies are also preparing plans to keep at least €70 billion a year in military aid flowing to Ukraine in 2026 and 2027.
Bloomberg, The Straits Times
Rutte backs Trump’s Iran strikes, cites NATO help in Epic Fury
What's new: The NATO chief said Italy and Romania provided bases and airspace support, while European allies moved assets near the Strait of Hormuz.
Bloomberg, The New York Times +5
Trump derides likely UK leader Burnham as ‘extremely liberal’
Why it matters: The remarks point to early friction as Burnham nears power and could reopen disputes over North Sea oil, immigration and security.
BBC News (US & Canada), Bloomberg +1
Hegseth orders 6-month review of US forces in Europe at NATO
What's new: He tied the review to how quickly European allies assume more of the continent's defense burden.
NPR, Tribunnews +2
Hegseth opens 6-month review of US troop presence in Europe
Why it matters: The Pentagon tied future US forces and NATO funding to whether allies meet higher defense-spending goals.
Hegseth opens 6-month Europe force review, presses NATO on spending
What's new: NATO says Europe and Canada will spend more than $90 billion extra on defense in 2025, up nearly 20% from 2024.
The Straits Times, CNBC
NATO allies move to replace US force cuts ahead of July summit
What's new: US commitments to NATO reportedly drop across jets, drones, tankers, ships and bombers as Europe and Canada add assets.
Bloomberg, The Straits Times