Trump invoked Section 303 of the Defense Production Act to support U.S. domestic oil production.

Eurostat data on the 21st showed euro area government debt-to-GDP rose to 88.8% at end-Q2 2026 from 88.4% at end-Q1; EU-wide debt increased to 82.9% from 82.5%, signalling a continued rise in the public debt burden. Among member states, Greece had the highest debt ratio at 140.8%, followed by Italy 139.9% and France 119.1%; Belgium exceeded 110% and Spain exceeded 100%. Euro area fiscal deficit widened to 3.3% of GDP in Q2 from 3.2% in Q1, while the EU deficit rose to 3.5% from 3.1%.

A Turkish diplomatic source said on Thursday that Foreign Minister Hakan Fidan will host foreign ministers from Egypt, Pakistan, Saudi Arabia, the UK, France and Germany in Istanbul on Friday to discuss regional conflicts. Held at Turkey's initiative, the seven-country meeting will cover the Israel-Palestine situation, developments around the Strait of Hormuz, Yemen, efforts to end the Russia-Ukraine war, and opportunities to strengthen cooperation between regional and European states.