Day News Recap: Trump drops Hormuz cargo fee as Iran tensions rise and oil hits four week high
US President Donald Trump reversed a planned 20 percent fee on cargo moving through the Strait of Hormuz, saying Gulf states would instead make investment and trade, after earlier threatening a strike on Iran's deeply buried Pickaxe Mountain nuclear site and later saying the US military had reopened Hormuz for all but Iran. 🔗 🔗 🔗Oil prices climbed to a four week high as renewed US Iran hostilities deepened fears over energy supplies through the waterway, while gold fell about 3 percent after the naval blockade announcement. The United Arab Emirates is also planning a new east coast deepwater port... [Continue Reading]
360LiveNews Recap | 14 Jul 2026 18:21 LONDON
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EU and UK sign Gibraltar treaty easing border checks
The European Union and Britain have formally signed a treaty on Gibraltar that is intended to end border checks between the territory and Spain. The agreement was signed in Brussels on Tuesday and follows an earlier deal reached last year to ease crossings and reduce political uncertainty around the British overseas territory. Under the new arrangements, Gibraltar residents will be able to cross into Spain using residence cards, while Spanish citizens will be able to cross using a government ID card.The treaty was signed by European Trade Commissioner Maros Sefcovic, British Minister of State for Europe Stephen Doughty, Spanish Foreign... [Continue Reading]
360LiveNews | 14 Jul 2026 14:36 LONDON
