World
European Parliament to approve EU-US trade deal in two weeks
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Political groups of the European Parliament reached an agreement on Tuesday on the EU-US trade deal, which was struck in July 2025 by US President Donald Trump and European Commission President Ursula von der Leyen and still needs to be ratified.
The agreement sets US tariffs at 15% on EU exports, while the EU committed to cutting its tariffs on US goods to zero, but its approval has proven controversial in recent weeks due to Trump’s threats to take control of Greenland.
The Parliament froze the approval process in January after Trump said on social media that he would impose a 10% tariff from February on eight European countries for having taken part in a military mission in the Arctic.
Works resumed a few weeks later, with representatives of the Parliament’s political groups fine-tuning the details of the legislation needed to implement the deal.
The final compromise they have reached will be formally voted on by the International Partnership Committee on February 24 and by a Plenary session as early as March.
It includes a “sunset clause”, which would see EU tariff relief expire at the end of March 2028, unless explicitly renewed, and a “suspension clause”, which would be activated in the event the US violates the deal’s rules.
“After the Greenland issue, we introduced a clear criterion for the territorial sovereignty of the European Union, to the set of criteria for a possible suspension”, said Socialist MEP Bernd Lange, lead negotiator on the file.
The Parliament’s version of the trade deal will also feature a safeguard mechanism to address the impact the reduction of tariffs for US goods could have on the EU market.
It also includes an automatic reintroduction of tariffs if the US does not reducing its own tariffs to 15% for a list of more than 400 steel-related products, which was agreed last July but which has not yet happened.
After the final vote in the plenary session, the Parliament will have to negotiate the terms of the agreement with the EU countries, and some of the conditions may change.
World
Investors brace for a bigger backlash from Middle East war
World
Tel Aviv analyst shelters from 30 missile sirens in 48 hours, says Iran ‘won’t recover’
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The past 48 hours in Tel Aviv have been unlike anything seen before, a leading security analyst has said, as sirens blared amid missile threats following Operation Epic Fury and U.S.-Israeli strikes in Iran.
“We are facing a biblical event — nothing less,” Kobi Michael, a senior researcher at the Institute for National Security Studies and the Misgav Institute, told Fox News Digital, speaking from his shelter in the city.
Like many Israelis, Michael said he had spent hours in reinforced rooms during the ongoing barrage, adding that he was “very experienced in this.”
“But this all requires time and determination, and I do hope that Trump will also have them both,” he said, speaking shortly after the president released a video message stating that the military operation would continue “until all of our objectives are achieved.”
Explosions from projectile interceptions by Israel’s Iron Dome missile defence system over Tel Aviv. (JACK GUEZ / AFP via Getty Images)
“Trump is the only one who can make the change — and that change will impact the entire region and the international order for years to come,” Michael added.
As of Sunday, Tel Aviv remained under a state of emergency following Iranian missile attacks that caused casualties and widespread damage.
According to The Associated Press, Iranian missile and drone strikes have killed approximately 11 Israeli civilians and wounded dozens more in retaliation for the U.S.-Israel strikes on Iran.
Shrapnel from missile impacts damaged at least 40 buildings in Tel Aviv, and authorities reported at least one death in the area from falling debris.
The Philippine Embassy in Israel confirmed the death of a Filipino national after a missile strike hit Tel Aviv on Saturday.
TOMAHAWKS, B-2 STEALTH BOMBERS AND ATTACK DRONES POUND OVER 1,000 IRANIAN TARGETS IN 24-HOUR BLITZ
People take shelter as Iran launched missiles and drones towards Israel following the US-Israeli attacks. ( Mostafa Alkharouf/Anadolu via Getty Images)
“We enter our shelter once the siren is heard and stay there until the Home Front Command announces that we can leave,” Michael said.
“Usually, it is about 20 to 30 minutes — unless there are further sirens during our stay. Since yesterday morning, it has happened around 30 times.”
Israel’s President Isaac Herzog also visited an impact site in Tel Aviv Sunday, delivering a message of resilience.
“The people of Israel and the people of Iran can live in peace. The region can live in peace. But what undermines peace time and again is terror instigated by this Iranian regime,” Herzog said.
EXILED IRANIAN CROWN PRINCE SAYS US STRIKES MARK ‘BEGINNING OF THE VERY END’ FOR REGIME
Israeli emergency service officer walks past building debris at the scene of a Iranian missile attack. (Ahmad GHARABLI / AFP via Getty Images)
Following the reported killing of Iran’s Supreme Leader Ayatollah Ali Khamenei and roughly 40 senior Iranian officials, Iran formed a provisional leadership council.
Iran named Ayatollah Alireza Arafi, President Masoud Pezeshkian and Judiciary Chief Gholam-Hossein Mohseni-Eje’i to lead roles.
“The Supreme Leader did not complete the necessary groundwork regarding his own succession,” Michael added.
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“Pezeshkian will face very troubling challenges due to their heavy losses, severe disruptions to control and command systems, and the massive bombing and attacks across Iran, including Tehran,” he said.
“Even if this regime doesn’t collapse, it will never be able to reconstitute itself, recover or return to its previous position,” Michael added.
World
Israel FM says Europe too divided, slams Spanish PM
Israeli minister Gideon Sa’ar said Europe “does not have unified position” on what role it should play in Iran as European ministers sought to establish a joint approach Sunday.
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As Israel and the United States conducted a joint military strike on Iran, leading to the killing of Supreme Leader Ayatollah Ali Khamenei, Europe was kept on the sidelines.
EU member states did not participate in the operation and, in some cases, they were not informed prior as it is customary among strategic allies.
Asked whether Israel sought to keep Europe on the margins, Sa’ar said internal divisions within EU member states had kept them out of critical exchanges of operational details, unlike the United States, which the minister described as his country’s greatest ally.
“In Europe, you have all kinds of approaches,” he told Euronews. “You have countries like the Czech Republic which is strongly supporting this operation and then you have Spain, which is standing with all the tyrants of the world.”
On Saturday, Spanish prime minister Pedro Sánchez was among the most critical voices in Europe, suggesting the US-Israeli strikes on Iran risk plunging the region into total war.
“We reject the unilateral military action of the United States and Israel, which represents an escalation and contributes to a more uncertain and hostile international order,” Sánchez said Saturday. The Spanish PM reiterated that message on Sunday.
“We urge for de-escalation and call to respect international law in all conflicts,” Sánchez added. “You can be against a heinous regime, like the Iranian regime, while also rejecting a military intervention that is unjustified, dangerous and outside of international law.”
Sa’aar said Israel considers the operation “fully justified” citing the right to self-defense from a regime that “has called for the destruction of Israel” and lashed at the Spanish prime minister for sending an “anti-Israeli, anti-American message.”
“Read the statement, they are standing with Iran!” he added.
When asked if any of his European counterparts had manifested an interest in joining the military operation or provide support on the ground, Sa’ar said he held multiple exchanges with European ministers over the weekend and suggested that “if others want to join, they will know have to convey the message.”
On Sunday, Commission President Ursula von der Leyen appeared to back regime change in Iran in line with Israel and the US, saying that the “risk of further escalation is real. This is why a credible transition in Iran is urgently needed” in comments on Sunday.
Sa’ar told Euronews said the strategic strikes and the elimination of Khamenei alongside top regime commanders could “create the conditions to weaken the regime enough to allow the Iranians to take their future into their own hands”.
“The future leadership of Iran should be determined by the Iranian people through free elections. Our only requirement is that whoever comes to power in Iran must not pursue the destruction of Israel,” he said.
Watch the full interview on Euronews from 8pm CET
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