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Consequences of Iran war ‘may echo for months or years to come,’ EU chief warns – Europe live | European Union

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EU needs to reduce its overdependency on imported fossil fuels, and focus on clean energy supply, von der Leyen says

On the Middle East, von der Leyen says that the EU “want the ceasefires in Iran and Lebanon to hold,” with urgent need to “re-establish peace and stability through diplomatic means.”

But she warns that “the consequences of this conflict may echo for months or even years to come.”

“This is the second energy crisis within four years, and the lesson should be very clear. Our overdependency on imported fossil fuels makes us vulnerable. We must reduce our overdependency on imported fossil fuels and boost our home-grown, affordable, clean energy supply. From renewables to nuclear, in full respect of technology neutrality.”

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‘On my way to Brussels!,’ incoming Hungary’s PM Magyar says ahead of EU meetings

Hungary’s incoming prime minister Péter Magyar has just posted a social media update that he is on his way to Brussels for his talks with the European Commission president, Ursula von der Leyen, and the European Council president, António Costa.

“A huge mandate, a strong mandate, a great responsibility!

We know our task: we will bring home the EU funds that Hungarians are entitled to. More soon.”

Election winner and leader of Hungary’s Tisza party Péter Magyar speaks at a press conference in Budapest, Hungary. Photograph: Attila Kisbenedek/AFP/Getty Images
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First Russian shadow fleet tanker enters Channel since Smyrtos boarding

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Forwarder, a Russian-flagged ship which left port in Primorsk last week, entered the Channel on Wednesday evening.



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Royal Ascot 2026, day three: news, tips and more on Gold Cup day – live | Royal Ascot

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Greg Wood

Greg Wood

Gosden and O’Brien rivalry crackles in Gold Cup

The rivalry between top trainers John Gosden and Aidan O’Brien is a long way short of a feud – “Aidan and I are big rivals”, Gosden said on Wednesday, “but we get on and we tease each other a lot. There’s no harm in that and it’s a little bit of banter.”

But it still makes for an interesting undercurrent as Gosden’s Trawlerman, bidding to become only the second eight-year-old winner since 1900, takes on the up-and-coming Scandinavia, last year’s St Leger winner, in the feature event of the week.

Gosden’s “teasing” has included frequent references to the big teams of runners that Ballydoyle sends to many Group Ones, and when O’Brien suggested last autumn that he would love to see Ombudsman, the winner of Wednesday’s Prince of Wales’s Stakes, line up for the Irish Champion Stakes, Gosden responded that his stable star would not “appreciate running against multiple entries from one stable on a track with a short straight.”

The possibility that Ballydoyle was employing “team tactics” with its runners was also highlighted after Tuesday’s St James’s Palace Stakes, when Christophe Soumillon, on the O’Brien second-string, Puerto Rico, picked up an eight-day ban for riding “in a manner to benefit” his stable companion and second-favourite, Gstaad.

There is little chance of a dust-up over tactics in the Gold Cup, however, as Scandinavia is O’Brien’s only runner in the race and Trawlerman is likely to make his own running. The regular to-and-fro between the two trainers, though, will add extra spice to the closing stages if Trawlerman and Scandinavia are duking it out in the final furlong.

The Princess of Wales presenting the prize for the Prince of Wales’s Stakes to John Gosden on Wednesday. Photograph: Sam Mellish/Getty Images
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Interest rates kept on hold at 3.75%

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The Bank last cut interest rates in December but upheaval in the Middle East has stalled any further reductions.



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