Oil

Officials told POLITICO the EU would drop proposals for a $45-per-barrel limit on Moscow’s crude as a result of the Israel-Iran conflict.

The U.K. government is set to respond to a legal judgment on long-term emissions issued last summer.

Allies couldn’t get the U.S. president on board with stronger measures against Russia — but at least they “live to fight another day.”

Beijing’s dominance in strategically crucial minerals gives it major leverage in trade talks. 

Hungary and Slovakia oppose new sanctions on fuel from Moscow, but Brussels suspects they are cooking their books to support their position.

Plans for a 2027 phaseout would force companies to exit long-term contracts with Moscow and report the origins of their fuel.

Trump had earlier suggested he didn’t want to tighten the screws on Moscow further because “sanctions cost us a lot of money.”

Officials hope Trade Secretary Jonathan Reynolds will update parliament on Tuesday. 

Western leaders want to jointly pressure Donald Trump to cease his economic war against them, so that they can (finally) cooperate on pressing issues like Russia.

Brussels wants to cut the flow of cash to Moscow — but Hungary and Slovakia are poised to hold up the proposals.

It’s been a hot start to the year globally and northwestern Europe also experienced an exceptionally dry spring.

“Our message is clear: This war must end,” Ursula von der Leyen says.

Ukrainian president hopes for another chat with Trump at G7 summit set for June 15-17, Zelenskyy’s Chief of Staff Andriy Yermak said.

The president and the world’s richest man, once close friends, sparred with increasingly explosive insults and threats.

“We have discussed how we can implement European sanctions and American sanctions at the same time,” European Commission chief tells POLITICO.

Zelenskyy allies visit Congress to bolster Russia sanctions bill.

British government says it’s “deeply frustrated” that no deal has been reached with the tycoon.

The bank’s Governing Council meets next week on June 4-5.

Critical gas pipelines, power lines and data cables are the “soft belly of British security,” ministers have been warned.

It’s a shift from the U.S. president’s first term, and is driving a fresh wedge within his Republican Party.

The package targets the Kremlin’s so-called shadow fleet.

Foreign Secretary David Lammy said the U.K. was acting to “restrict Putin’s war machine.”

The measures will be discussed during a meeting of the leaders of more than 40 countries in Albania.