News

British Prime Minister Starmer: We have been in close communication with the United States before deployment.

U.S. Treasury Secretary Bessent: (on Iran and exchange rate issues) We need to look at the other side of things.

U.S. Treasury Secretary Bessent: (On the Iran issue) U.S. President Trump has a clear vision for this, and all parties should take a step back.

British Prime Minister Starmer: We are replenishing our inventory of anti-aircraft missiles today.

The European Commission could extend the "Made in EU" label to products produced in non-EU countries that offer reciprocal market access.

Strategic EU sectors include aluminium, steel, cement, wind turbines and electric vehicles.

The European Commission has proposed a draft law aimed at boosting manufacturing in strategic areas, led by low-carbon and "Made in EU" goals.

European Commission: The "Industrial Accelerator Act" aims to promote the EU manufacturing industry to account for 20% of GDP in 2035.

The UK Maritime Trade Operations Office: received reports of an incident in the eastbound section of the Strait of Hormuz, 2 nautical miles north of Oman.

U.S. Treasury Secretary Bessent: (Talking about the timing of carrier insurance, he said) We will solicit opinions from shipowners and insurance brokers in the next few days.

British Prime Minister Starmer: We are taking action to reduce the threat.

In the United States, the MBA 30-year fixed mortgage rate for the week ending February 27 was 6.09%, compared with the previous value of 6.09%.

The MBA mortgage application activity index in the United States for the week ending February 27 was 377.5, compared with the previous value of 340.2.

The MBA Mortgage Purchase Index in the United States for the week ended February 27 was 158.9, from the previous value of 149.7.

The MBA Mortgage Refinancing Activity Index in the United States for the week ended February 27 was 1,637.5, from the previous value of 1,432.9.

European Council President Costa: The EU will always ensure that the interests of member states are fully protected.

European Council President Costa: Expressed the EU’s full support for Spain.

European Council President Costa: He has spoken with Spanish Prime Minister Sanchez.

British Airways: We are still unable to fly from Abu Dhabi, Amman, Bahrain, Doha, Dubai and Tel Aviv.

U.S. Department of Defense: U.S. Secretary of Defense Hegseth and Chairman of the Joint Chiefs of Staff Dan Kaine will hold a press conference at 8 a.m. ET on Wednesday.