World
Newsletter: G7 ministers to hold talks on war’s economic fallout
Good morning and welcome to Monday – I’m Mared Gwyn.
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Criticism has poured in from all corners of the world after Israeli police stopped the heads of the Catholic Church in Jerusalem from entering the Holy Sepulchre on Palm Sunday, preventing them from privately celebrating mass in what the Latin Patriarchate has said is a first in “centuries”. We have more in our top story below.
But first, G7 crisis talks: G7 energy and finance ministers as well as central bank governors will hold urgent online talks later today amid fears that the economic fallout of the war in Iran is about to hit a tipping point – with another release of strategic oil reserves under consideration.
The US’s European and Asian allies are most vulnerable to the looming economic shock, putting added stress on the fraught Group of Seven. Tensions brimmed to the surface when G7 foreign ministers met in France last week, with US Secretary of State Marco Rubio clashing with the EU’s foreign policy chief Kaja Kallas when she asked when US “patience” with the Kremlin would run out, according to an Axios scoop.
European markets opened lower on Monday, with futures pointing to declines across major indices.
With oil and gas prices already spiralling, there is now fear that a protracted conflict could upend global supply chains as key commodities including fertilisers are trapped in the Strait of Hormuz, the critical waterway which has been effectively closed since the conflict broke out a month ago.
Signs of inflationary pressure and soaring borrowing costs are now making the looming crisis hard to ignore for the G7, which is yet to jointly introduce radical measures to cushion the impact on their economies beyond the release of strategic oil reserves. Several developing countries are already rationing fuel and subsidising energy costs.
My colleague Marta Pacheco reports that EU energy ministers are mulling a cap on oil prices or taxing the windfall profits of energy companies to rein in prices ahead of a virtual meeting tomorrow, Tuesday. Officials in Brussels acknowledge that while the crisis is not yet as acute as that of 2022 in the wake of Russia’s invasion of Ukraine, there is more limited “financial manoeuvring room” this time. Marta has the details.
Marta also reports that agriculture ministers gather in Brussels today, with France leading calls for swift action to tackle insecurity in Europe’s fertiliser market by easing measures tied to the EU’s carbon border rules. Fertilisers are essential to food production and EU farmers are already hit by soaring prices since the EU banned these chemicals from Belarus and Russia in July 2025.
Paris wants the bloc to temporarily suspend the bloc’s Carbon Border Adjustment Mechanism – a pricing tool based on carbon emissions with which importers need to comply – on fertilisers and ammonia with retroactive effect from 1 January 2026.
An EU official told Marta that, should a suspension not get adequate political support, Paris could table a workaround which would involve compensating farmers using existing EU budget resources to cushion the impact of higher fertiliser costs.
France is also pressing the European Commission to accelerate work on a long-promised “European Fertilizer Sovereignty Plan” – a sign that concerns extend beyond short-term relief to the bloc’s long-term strategic autonomy.
Meanwhile, in the Middle East: The situation remains on a knife edge, with no warring party represented in talks on de-escalation between the top diplomats of Pakistan, Turkey, Saudi Arabia and Egypt in Islamabad on Sunday.
Discussions explored ways to reopen the Strait of Hormuz including introducing toll-like systems similar to the Suez Canal, Reuters reported, while broader diplomacy aims at a ceasefire and stabilising oil flows disrupted by the conflict. The mediators also contemplated the 15-point plan President Trump has passed on to Iran through Islamabad.
Yet, Trump has told the Financial Times in an interview that his preference is to “take the oil in Iran” by seizing the Iranian export hub of Kharg Island, all the while insisting that he is “pretty sure” that Iran will strike a deal.
The Washington Post meanwhile reports this morning that the Pentagon is preparing for a possible ground invasion into Iran. The Iranian parliament speaker accused the US yesterday of plotting a ground invasion in secret while publicly signalling appetite for talks, warning Tehran is waiting to “rain fire” on any American soldiers who enter its territory.
Outrage after Israeli police block Latin Patriarch from Palm Sunday mass
World leaders have voiced deep concern after Israeli police prevented the head of the Catholic Church in Jerusalem, Cardinal Pierbattista Pizzaballa, from entering the Church of the Holy Sepulchre for Palm Sunday mass, with the Vatican and Italy convening their Israeli ambassadors in response.
Both Cardinal Pizzaballa and the Custos of the Holy Land Father Francesco Ielpo were turned away by authorities in an incident the Latin Patriarchate has said “disregards the sensibilities of billions of people around the world”. It said the two were stopped while proceeding privately without any characteristics of a procession or ceremonial act, and had to turn back.
Italy’s Prime Minister Giorgia Meloni has led criticism, describing the Israeli police’s actions as an “offence to the faithful” and to “every community that recognises religious freedom”. French President Emmanuel Macron condemned the incident and said it fits in a pattern of a “worrying increase in violations of the status of the Holy Places in Jerusalem”.
Israel has claimed the priests were stopped due to “security concerns” amid the ongoing war with Iran. Prime Minister Benjamin Netanyahu said overnight that Cardinal Pizzaballa had been asked to “refrain from holding mass” out of “special concern for his safety”, but that Israel has since ensured he is “granted full and immediate access to the Church of the Holy Sepulchre in Jerusalem.”
Yet a spokesperson for the Latin Patriarchate has said that private masses have been taking place at the Church of the Holy Sepulchre since the start of the war, and that it remains unclear why the access of the two priests to Sunday’s Mass was any different.
Aadel Haleem and Orestes Georgiou Daniel have more.
Israel says it will crack down on settler violence in the West Bank, expands Lebanon incursion
A document seen exclusively by Euronews’ Sophie Claudet shows instructions by the office of Prime Minister Benjamin Netanyahu to the Israeli army and police to crack down on settler violence against Palestinians in the West Bank.
The instructions, shared in a non-public document titled “Prime Minister’s Directive on Combating Nationalist Crimes in Judea and Samaria,” are an exceedingly unusual move for the Netanyahu administration. Judea and Samaria are the biblical names of the area known today as the West Bank.
The army had announced last week it was diverting troops away from its ongoing offensive in Lebanon to the West Bank in order to rein in Jewish settler violence, in what would be the first time Israel pulls out forces from an active war front to dispatch them to a territory deemed far less dangerous or critical.
Yet since, Israeli Prime Minister Benjamin Netanyahu has ordered the military to “further expand the existing security buffer zone” in southern Lebanon, as its war against Hezbollah intensifies. Almost a fifth of Lebanon’s population has now been
displaced as a result of the conflict.
Read the full story.
More from our newsrooms
EU calls for Black Sea grain model to unblock Strait of Hormuz. The EU’s special envoy to the Gulf, Luigi di Maio, told Euronews in an interview in Doha on Friday that the EU wants to replicate the Black Sea deal agreed in the wake of Russia’s invasion of Ukraine to unblock global supplies of grain in the Strait of Hormuz. Aadel Haleem has thefull story.
Two unidentified drones crash in southeastern Finland in ‘suspected territorial violation’. Finland’s Prime Minister Petteri Orpo says they are likely Ukrainian drones that went astray due to Russian jamming of signals as Kyiv carries out drone attacks on Russian territories along the border with Finland. Malek Fouda hasthe story.
Huge crowds protest against Trump in ‘No Kings’ rallies in the US and abroad. Millions of people took to the streets across the US – and to a lesser extent worldwide – on Saturday to protest against what they see as Trump’s authoritarian style of governance, hardline immigration policies, climate change denial and the war with Iran. Lucy Davolou has the details.
We’re also keeping an eye on
- EU agriculture and fisheries ministers gather in Brussels
- Syrian President Ahmed Al-Sharaa in Germany for talks with Chancellor Friedrich Merz
That’s it for today. Marta Pacheco contributed to this newsletter. Remember to sign up to receive Europe Today in your inbox every weekday morning at 08.30.
World
Jordan Walker spoils Philly’s Kyle Schwarber party, rallies to win Home Run Derby
PHILADELPHIA (AP) — Jordan Walker wore his Cardinals hat backward, chewed a big wad of bubble gum and wore the top of his jersey splayed open as he dug in for his final Home Run Derby swing.
The picture of Cardinals cool, Walker chased down Kyle Schwarber, shut up a rambunctious Philly crowd and introduced himself to a much wider baseball world.
Walker used six swings to swat six homers, besting Schwarber in a dramatic final round that silenced all those boo birds and made him the first St. Louis Cardinal to win the Home Run Derby on Monday night.
Schwarber hit 11 homers during his 15-swing turn in the final round. Philly fans, who jeered everyone but Schwarber and Bryce Harper throughout the night, quietly headed toward the exits when Walker’s winning shot soared over the left field wall.
“I was once told you don’t boo nobodies,” Walker said. “So it feels pretty good.”
The 24-year-old Walker sported the Derby champions’ chain, slipped on a leather jacket and still wore his batting gloves as he broke down what it took to take down Schwarber on his home turf.
“My thought was Philly is brutal,” Walker said. “I mean, honestly. But I think it’s pretty special because they love their players and that’s what you want from your home, like, where you play. I mean, I’d never hear people cheer so loud for, like, Schwarber and Harper. And those guys did their thing, for sure.
“But, you know, I can’t hate them, because that’s their guy, so I just got to play the game.”
Walker played a pretty great game in the first half for the Cardinals.
Walker is a first-time All-Star and having a breakout season in St. Louis. He already has a career-high 22 homers this season after struggling with a combined 11 over the previous two years.
Those final six in Philly all flying high with Iron Man on his bat are now stamped on the Derby highlight reel.
His cap backward just like Hall of Famer and Derby great Ken Griffey Jr., Walker celebrated with his family immediately on the field. His father rejoiced in recalling how Walker started hitting long home runs when he was 6 years old.
“When things got tough, they were always there in my corner to talk to them about it,” Walker said of his family. “They kept the energy levels high. They kept the feelings high.”
He fulfilled this childhood dream in striking fashion. Walker hit his seventh homer with two swings remaining and his eighth on the next swing to earn bonus swings. Needing to hit four straight homers to win, the right-handed Jordan knocked one off the top of the center field fence 401 feet away. He reached 10 homers and Philly fans booed with all their might, only for Jordan to finish the sensational surge and celebrate as fireworks shot off around him.
“You can’t say enough about how he was able to kind of slow the moment down, too, and lock it in,” said Schwarber, a Derby runner-up for the second time. “All of our fans were we’re raring and trying to will me to it.”
A revamped Derby format delivered great drama
MLB ditched its timed clock this season and returned to a swing format, with each hitter continuing to swing if he went deep on his final one.
The extra time between swings gave hitters time to track their home runs — and Philly a smidge more time to unleash those throaty boos at Contreras and Walker.
Each player had 20 swings in the first round and the top four advanced. Hitters were seeded for the second round, where No. 1 faces 4 and 2 meets 3.
Each player got 15 swings in the second round, with batters homering on their final swings continuing until not homering.
Boston’s Willson Contreras, Tampa Bay’s Junior Caminero, New York’s Ben Rice and Kansas City’s Jac Caglianone, and Chicago White Sox first baseman Munetaka Murakami also participated.
Philly came ready to celebrate its slugging stars
Phillies fans were wildly optimistic that Schwarber and Harper could somehow reach the final and crown the franchise’s third Derby champion.
Harper hit only eight in the first round and was the final slugger to try and advance. Schwarber could only watch as Harper failed to join him. Schwarber, then with the Chicago Cubs, made the finals in 2018 at Nationals Park before losing to Harper when he played with the Nationals.
Schwarber and Harper — the first pair of teammates to participate in the Derby since 2018 — received roaring ovations when famed ring announcer Michael Buffer introduced them ahead of the competition.
As for the other six sluggers in the field, all wearing their home jerseys with red, white and blue uniform numbers?
Yeah, they were about booed out of the ballpark, with the loudest jeers saved for Rice. He gamely laughed as he walked out of his Liberty Bell entrance.
Harper — who said earlier Monday this would be his last Derby — waved his arms and exhorted the crowd to get louder as he walked to the home plate platform placed at second base. Harper about broke the ring ropes as he shook them like a pro wrestler, and the Philly crowd went bonkers for the star known as The Showman.
The ball-shagging kids in the outfield were even booed.
The Derby’s public address announcer implored the fans to cheer during some quiet stretches when homers — non-Phillies edition — were hit.
The fans did get a rise when Caglianone smoked one into Ryan Howard territory into the third deck in right field. Contreras socked ’em into the rarified air of the left field upper deck. One homer cleared the last row of stands in that section and bounced off the concourse in front of a bar. His 490-footer was the longest of the first round.
This was the first Home Run Derby and All-Star Game held at Citizens Bank Park since it opened in 2004 and the first derby in Philadelphia since Barry Bonds outslugged Mark McGwire in 1996 to win an afternoon event in front of thousands of empty seats at Veterans Stadium.
This derby was sold out and aired on Netflix for the first time, with the streamer getting into the game this season with a three-event package. Netflix already aired the opening night game, and the third attraction is the Field of Dreams game between the Minnesota Twins and Philadelphia Phillies on Aug. 13.
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AP MLB: https://apnews.com/hub/mlb
World
Iran-backed terror proxy Houthis threaten fresh attacks after Yemen airport strike
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The U.S.-designated terrorist Houthi movement that controls northern Yemen condemned Saudi Arabia for allegedly targeting the Sanna airport with airstrikes, sparking a possible new front with Iran’s terror-proxy.
While the Houthis agreed to a 2022 truce with the Saudi-led coalition that opposes its rule, the Houthis have frequently disrupted commercial shipping in the Red Sea since they joined Hamas following its invasion of Israel on Oct. 7, 2023. The latest flare up of military strikes could lead to a resumption of war between the Kingdom of Saudi Arabia and the Houthis.
Houthi military spokesperson Yahya Saree called the attacks “blatant aggression” and said they had ended a period of de-escalation. He said Saudi Arabia would bear the consequences and that the attack would not go unanswered. The Houthis threatened to strike King Khalid Airport in Riyadh in Saudi Arabia. Iran’s Press TV reported on its X account that, “Iran condemns Saudi attack on Sana’a airport as breach of law, Yemen sovereignty.”
US CLAWS BACK KEY CONCESSION TO IRAN AFTER FRESH ATTACKS ON COMMERCIAL SHIPS IN STRAIT OF HORMUZ
Smoke rises following an airstrike at Sanaa International Airport, in Sanaa, Yemen, July 13, 2026, in this screengrab taken from a video. (Al Masirah Handout via Reuters)
The official slogan of the Houthi movement (Ansar Allah) is: “God is great, Death to America, Death to Israel, Curse upon the Jews, Victory to Islam.”
Earlier on Monday, the government’s defense ministry said the runway at Sanaa International Airport had been targeted to prevent an Iranian plane from landing. An armed forces spokesman later said the aircraft had landed at Houthi-controlled Hodeidah airport.
Salman Al-Ansari, a prominent Saudi geopolitical analyst, told Fox News Digital, “The Iranian-backed Houthi militia is now in a desperate position, attempting to demonstrate its usefulness to its Iranian masters amid the ongoing U.S.-Iran war.”
Yemen’s Iran-backed armed Houthi group has warned they will move to shutter the Bab Al-Mandeb Strait through missile-drone attacks if Gulf nations join the US-Israel war on Iran. (Mohammed Hamoud/Getty Images)
He said, “This is an action taken by Yemen’s legitimate government in response to the violation of its airspace and sovereignty. It was not carried out by Saudi Arabia or the coalition. Yemeni forces struck the runway at Sana’a International Airport after the terrorist Houthi militia defied international law by allowing unauthorized Iranian flights into Yemen, despite measures intended to prevent the smuggling of weapons and explosives.”
According to Al-Ansari, “The Houthis know that these flights can land normally if they follow the agreed-upon route through a Jordanian airport, for inspection purposes. The Houthis are currently at one of their weakest points, particularly after Yemen’s legitimate government consolidated effective authority over 80% of the country’s territory. This is a marked departure from the past, when the legitimate government was fragmented between two rival camps.”
ISRAELI AMBASSADOR WARNS IRAN’S GRIP ON LEBANON IS A ‘WARNING SIGN’ FOR MIDDLE EAST PEACE
A Houthi rebel fighter fires in the air during a gathering aimed at mobilizing more fighters for their movement, in Sanaa, Yemen, Thursday, Aug. 1, 2019. The conflict in Yemen began with the 2014 takeover of Sanaa by the Houthis, who drove out the internationally-recognized government. Months later, in March 2015, a Saudi-led coalition launched its air campaign to prevent the rebels from overrunning the country’s south. (AP Photo/Hani Mohammed)
Saudi Arabia, the UAE, Israel, Lebanon and other Sunni Gulf countries have expressed concerns about the Iranian regime’s plan to establish a so-called “Shiite crescent” that stretches from Iran to Lebanon and includes such terrorist proxies as the Houthis and Hezbollah in Lebanon.
Al-Ansari noted that “By confronting the Houthis, Yemen’s legitimate government is not only defending its own sovereignty; it is helping safeguard the region and the wider world from Iran’s network of terrorist proxies.”
Nadwa Al-Dawsari, an expert on Yemen and an associate fellow at the Middle East Institute, told Fox News Digital that, “The Houthis’ warning that the strike on Sana’a airport ‘will not go unanswered’ should be taken seriously. But the significance of the incident extends well beyond the prospect of retaliation.”
She said, “The dispute was never really about civilian aviation or simply returning a Houthi delegation from Tehran. The Yemeni government had agreed to facilitate the delegation’s return aboard a Yemenia aircraft. The issue was the Iranian aircraft itself.”
Houthi terrorists walk over British and U.S. flags at a rally in support of Palestinians in the Gaza Strip, and the recent Houthi strikes on shipping in the Red Sea and Gulf of Aden on Feb. 4, 2024, on the outskirts of Sana’a, Yemen. (Mohammed Hamoud/Getty Images)
She added that “By proceeding with the Mahan Air flight despite Yemeni objections and ensuring that it reached Houthi-controlled Yemen anyway, Iran and the Houthis were sending a political message: Tehran intends to normalize direct and public ties with Houthi-controlled Yemen and is willing to challenge the restrictions that have governed access to the country since 2015.”
The U.S. government sanctioned Mahan Air for its role in supplying weapons and technology to terrorist groups such as Hezbollah.
Al-Dawsari said, “What we are increasingly seeing is a pattern in which Iran and its proxies create facts on the ground, betting that regional and international actors have little appetite for escalation and will eventually adjust to them. We have seen the same approach in the Strait of Hormuz.”
Pro-Iran protesters brandish billboards depicting the Iranian Supreme Leader Ali Hosseini Khamenei, flags of Yemen and Iran, weapons, and chant slogans as they take part in a rally held to condemn the US-Israel aerial attacks on Iran and killing the Iranian supreme leader and several military officials on March 1, 2026, in Sana’a, Yemen. (Mohammed Hamoud/Getty Images)
She said, “The episode also highlights the Houthis’ growing importance within Iran’s regional network. While other members of the Axis of Resistance have been weakened in recent years, the Houthis have emerged as Tehran’s most capable and strategically important partners, particularly in the Red Sea and the Horn of Africa.”
According to Reuters, the Saudi government’s communication office did not immediately respond to the accusations.
Muhammad Al-Farah, a member of the Houthi Political Bureau, wrote on Telegram, according to the Middle East Media Research Institute (MEMRI), that the alleged Saudi attack will lead to the Bab al-Mandab Strait joining the Strait of Hormuz with respect to disruption and possible closure. As a result, the price of a barrel of oil will rise to $200 and the attacks give the Houthis a reason to “strike back and liberate Yemen from occupation.”
President Donald Trump welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman to the White House, Tuesday, Nov. 18, 2025, in Washington. (Mark Schiefelbein/AP)
A State Department spokesperson told Fox News Digital that, “We are aware of these reports and monitoring closely. The United States and Saudi Arabia share a strategic partnership that has only grown stronger under President Trump. The United States stands firmly with Saudi Arabia against Iranian aggression, including Iranian-supported Houthi attacks, and remains committed to the Kingdom’s security and regional stability.”
The spokesperson added, “We continue to actively enforce the Trump Administration’s designation of the Houthis as a Foreign Terrorist Organization and condemn Iran’s flagrant violation of Yemen’s sovereignty in support of their Houthi proxies.
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“The Administration’s National Security Strategy states that our core interests in the region include ensuring freedom of navigation in the Red Sea and preventing the export of terrorism. It is critical to continue efforts to counter the Iran-backed Houthis and other terrorist groups in Yemen who threaten these U.S. interests.”
Reuters contributed to this report.
World
Hungary’s parliament votes to oust president in latest anti-Orban move
Hungarian parliament passes amendment that would remove President Sulyok, appointed under ex-Prime Minister Viktor Orban.
Published On 14 Jul 2026
Hungary’s parliament has approved a constitutional amendment to remove President Tamas Sulyok from his largely ceremonial position, the latest move to dismantle the power of figures associated with former Prime Minister Viktor Orban.
The measure, passed on Monday with 139 votes in favour and only six opposing, would immediately bring an end to Sulyok’s term in office and pave the way for parliament to elect a new president.
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Hungarians voted out the right-wing nationalist Orban in April, with new Prime Minister Peter Magyar’s Tisza Party winning in a landslide. The election result ended 16 years of power for Orban’s Fidesz party, which had come to dominate many aspects of the country.
Since Magyar’s victory, he has sought to erode that power, including by removing the current president. The constitutional amendment also introduces a series of judicial reforms, creates a body to investigate alleged financial abuses under the previous government, and imposes a 12-year term limit on lawmakers.
Sulyok now has five days to sign the constitutional amendment passed by parliament. Magyar has said that parliament will launch an impeachment procedure against Sulyok if he does not sign it.
The president and other members of Fidesz boycotted Monday’s parliamentary session.
Sweeping away the old order
The parliament elected Sulyok, a former chief of the Constitutional Court of Hungary, in February 2024. He was nominated to replace Katalin Novak, who resigned after pardoning a man convicted of covering up child sexual abuse.
But days after Magyar’s centre-right Tisza Party won a two-thirds parliamentary super-majority in April, the new prime minister declared Sulyok “unworthy to embody the unity of the Hungarian nation” and demanded that he leave office once the new government was formed.
In June, after the deadline to resign had passed, Magyar branded the president a “puppet” of Orban and promised to strip him and other holdovers from office by constitutional means. Weeks later, he unveiled a reform programme, dubbed “Operation Cleansing Fire”, which seeks to install a new constitution, purge state institutions and establish an anticorruption office.
While the presidency is a largely symbolic post, it is empowered to approve laws and can refer them to the Constitutional Court for review, raising fears that Sulyok might use his presidential powers to stymie Tisza’s ambitious reform agenda.
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