Preliminary counts from the referendum held on the 29th show a majority of voters oppose restarting negotiations for Iceland to join the EU, the Icelandic state broadcaster RÚV reported on the 30th.

UK Chancellor Healy is weighing a windfall tax on banks and oil companies for her first budget. Treasury officials are discussing the measures as a way to plug a £4.7bn fiscal shortfall while avoiding direct increases in personal taxes. Healy is aiming for a low-key budget next month and for any unavoidable tax rises to be markedly smaller than those implemented under former chancellor Reeves.

Fars News says a Strait of Hormuz blockade has produced the largest historical oil supply shortfall, pushing US fuel prices to new highs and raising US midterm political risk. It characterizes Trump’s Venezuela oil project as an attempt to shape energy expectations and notes Trump’s claim the deal would more than double US oil stocks and cut fuel costs. Fars cites contract figures of 63 billion barrels of heavy crude over 100 years — roughly 1.7 mln bpd — which it says is under half of Iran’s current daily output and only about 8% of normal Strait of Hormuz export flows.