Oil prices rise after fresh U.S.–Iran fire exchange | Midday Report

Main topics covered today:

ROMANIA TO LOSE MASSIVE EU FUNDS AFTER FAILING TO IMPLEMENT REFORMS
Romania risks losing nearly €800 million in European recovery funds after failing to pass legislation required to unlock the money. The setback comes amid pressure on public finances. Romania’s sovereign debt is just one downgrade away from losing its investment-grade rating.

FIRE AT DRONE-MANUFACTURING FACILITY, SABOTAGE SUSPECTED
Polish security services are investigating a fire at a manufacturing facility in central Poland that produces drones for Ukraine’s and Poland’s armed forces. The blaze broke out overnight into Monday and has since been extinguished. No injuries were reported. Officials have not ruled out sabotage.

U.S. & IRAN RETURN TO EXCHANGING STRIKES AFTER MONTH-LONG LULL
The U.S. and Iran have exchanged strikes for the first time in a month. Tehran says it targeted American airbases in Jordan after U.S. forces struck Iranian positions near the Strait of Hormuz. The strategic waterway remains a key focus of the conflict.

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#USA #Iran #Oil