Daily brief
Oil prices surged 80 percent in a single day, marking one of the largest one-day jumps in history. The spike followed the US announcement of a global naval blockade on Iranian ships, escalating tensions in the region. The move is expected to significantly impact global energy markets and supply chains.
Germany aims to double trade volume with Brazil, according to Chancellor Merz.
Turkey, Syria, and Jordan unveiled a Gulf-Europe rail corridor as Ankara pushes alternative trade routes.
The EU expects a quick restart of the Druzhba pipeline.
A flight from St. Petersburg to Istanbul made an emergency landing in Romania.