EU seeks more warships and air assets for Red Sea mission, Kallas says
EU's Kallas says Red Sea mission needs more than 10 warships as security worsens; letter sent to member states for extra naval and air assets.
Yemen's president asked Trump for military aid, but no pledge was made; oil fell $3.38 to $92.77 on diplomatic hopes.
According to Reuters, which cited two sources, Yemen's president held a conversation with US President Donald Trump on Sunday. During the call, the Yemeni leader requested military assistance, but Trump did not commit to providing such support.
Crude oil prices dropped by $3.38 to $92.77 on Tuesday, driven by optimism that renewed diplomatic efforts might pave the way for the US and Iran to end their hostilities. This decline lifted the broader risk-on sentiment across markets.
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EU's Kallas says Red Sea mission needs more than 10 warships as security worsens; letter sent to member states for extra naval and air assets.
The Trump administration has proposed a $5 billion fund to rebuild Gulf energy infrastructure and reduce reliance on the Strait of Hormuz.
Oil falls nearly 3% as Middle East supply concerns ease. Bitcoin surges 4.4% to $84,785. Markets eye Trump-Xi meeting.
Oil prices slipped on hopes for de-escalation in the Middle East, with attention turning to the UN General Assembly and potential Trump-Pezeshkian talks.