SPOT GOLD FALLS 1.0% INTRADAY TO $4,572.26 PER OUNCE

Europe is prepared to respond if US President Donald Trump proceeds with plans to raise tariffs on EU cars and trucks to 25%, Eurogroup President Kyriakos Pierrakakis said. He emphasized dialogue as the preferred approach and commitment to the transatlantic relationship, but added that “all options are on the table” if agreements are not upheld. Pierrakakis said the EU has met its obligations under prior commitments and stressed the bloc’s predictability.

UAE ENERGY MINISTER: NO PARTY SHOULD BE ALLOWED TO CONTROL THE STRAIT OF HORMUZ