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Tuesday
21
Jul 2026
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WSJ: US warplanes launch battle to liberate the Strait of Hormuz

A report by the Wall Street Journal states that this effort “takes on new urgency as oil prices soar”

Christodoulides raised the issue of the British Bases at the European Council due to risks for Cyprus

The Cypriot President called for discussions with Britain on the status of the bases after the end of the war in the region

Mitsotakis opens the door to new interventions based on European flexibility: The Commission’s toolbox and “targeted temporary measures”

The government appears ready to make announcements in the coming period – The measures are drawn from the 2022 toolbox – The scope of European support will determine the nature of the intervention

Greek Patriot missiles in Saudi Arabia protected every EU and global citizen, says Dendias – Opposition fires back, claiming involvement in war

The ratification of military cooperation agreements and the strategic alliance with Saudi Arabia had been approved by SYRIZA and PASOK

The Iranians struck a US F-35 for the first time – It made an emergency landing at a base in the Middle East

“The aircraft landed safely and the pilot is in stable condition,” said US Central Command spokesperson Captain Tim Hawkins

Britain, France, Germany, Italy, France, Germany, Italy, the Netherlands & Japan declare their readiness to contribute to safe passage through the Straits of Hormuz

In a joint statement, they condemn Iran's attacks and express their concern about the escalating tensions in the Middle East

Iran no longer has the capability to enrich uranium, declares Netanyahu – We are not even halfway through the war, say the IDF (Update)

Two Iranian strikes on the largest LNG facility in Qatar, with the state company QatarEnergy speaking of extensive damage

Jerome Powell: Oil price rally will lead to a rise in inflation in the short term

The impact of developments in the Middle East on the US economy is uncertain, the head of the Federal Reserve said in a statement

Fed: interest rates unchanged amid war and energy crisis

Interest rates were maintained in the 3.5% to 3.75% range as the oil rally boosts inflationary pressures and pushes back expectations for the first cut of the year since the autumn

Ankara proposes extending the pipeline linking Turkey and Iraq as an alternative to the Strait of Hormuz

This proposal was presented in an interview by Turkey’s Energy Minister as an alternative solution in case the Strait of Hormuz is closed

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