Prime Minister Keir Starmer defended his refusal to directly approve new North Sea oil licenses, citing legal constraints and advocating for renewables, while clashing with opposition leader Kemi Badenoch over energy security and the UK's stance on the Iran-Israel conflict.
ECB President Christine Lagarde outlined a scenario-based strategy to navigate the latest Middle East energy shock, emphasizing three core principles—assessing shock persistence, monitoring tail risks beyond baseline forecasts, and maintaining graduated policy options—while noting today's neutral policy stance and weaker demand reduce the risk of 2022-style inflationary pass-through.
The UN Human Rights Council convened an emergency debate on escalating military hostilities where Iran launched drone and missile attacks against Gulf Cooperation Council states and Jordan following US and Israeli strikes, as UN officials warned of catastrophic civilian casualties, potential war crimes, and severe global economic disruptions from the closure of the Strait of Hormuz.
NASA Administrator Jared Isaacman outlined a strategic pivot to prioritize a lunar surface base over the Gateway orbital outpost, emphasizing that the agency will fund these ambitions by reallocating its existing $25 billion annual budget and leveraging commercial partnerships rather than seeking new congressional appropriations.
