War threatens to wreak havoc with the global economy, IMF warns

The Fund’s scenarios range from the Not Good through the Bad to the Exceedingly Ugly.

POLITICO
UK sets up Brexit-style crisis team to deal with Iran conflict

The “Middle East response committee” will echo preparation work for a no-deal Brexit and the Covid-19 pandemic, a U.K. official said.

POLITICO
Inside the Starmer foreign policy team trying to survive in Trump’s world

POLITICO spoke to 23 current and former U.K. government aides and politicians to map the network advising the British PM at a moment of crisis.

POLITICO
Ireland cuts tax on motor fuel as protests grip the country

The unrest has wreaked havoc on Ireland’s fuel supply network over the past week.

POLITICO
UK rejects tolls on Strait of Hormuz

Foreign Secretary Yvette Cooper warned countries must not “hijack” international transit routes and unilaterally apply tolls.

POLITICO
Trump’s Iran ceasefire doesn’t mean Europe’s economy is out of the danger zone

The damage that’s been done — both physical and psychological — will take months to undo, analysts say.

POLITICO
Europe up for policing Hormuz — but only if the fighting stops

Donald Trump’s demands for NATO allies to “take the lead” on Hormuz loom over 41-nation call organized by the U.K.

POLITICO
Trump wants the SEC to relax quarterly reporting. Wall Street could be a problem.

Investors' early concerns offer a preview of the fierce lobbying fight that is likely to break out once the SEC releases the proposal.

Politico
UK’s Reeves ‘angry’ over Trump’s decision to attack Iran

The costs of borrowing have “gone through the roof,” through no fault of Britain, the top finance minister said.

POLITICO
UK to host Strait of Hormuz summit this week

Foreign Secretary Yvette Cooper will convene a meeting of 35 nations to discuss reopening the crucial waterway.

POLITICO