ECB Governing Council member Radev said waiting for second-round effects before taking further action may mean it is already too late to act.

European Commission President von der Leyen warned that the EU's long-standing advantages that underpinned its growth no longer exist.

LEAVITT told Fox News on Thursday the US is not negotiating with Iran as Washington is focused on applying economic pressure; all options remain on the table. He said President Trump’s priority is preventing Iran from obtaining nuclear weapons and that the US shifted from “Operation Epic Fury” to degrade Iran’s military to a new “Operation Economic Isolation” targeting its economy. There are no talks now and that posture will continue until the president judges Iran might meaningfully sit down; he has not seen that. LEAVITT added that a maritime blockade remains in effect.