Makana 360 Daily Insights: Global News & Digital Trends
📌 Israel says it killed a key Iranian commander tied to the Strait of Hormuz blockade
Israel said it killed the IRGC Navy commander, describing him as a central figure in Iran’s effort to impose an almost complete blockade on the Strait of Hormuz. At the same time, an Iranian army commander warned that any ground war would be costly and dangerous for the other side, amid reports that Tehran is preparing for a possible US move on Kharg Island, a vital economic hub. President Donald Trump also signaled growing impatience with Iran, saying the time for a deal is running short, while US officials work to arrange talks in Pakistan. Across the region, debris from an intercepted ballistic missile killed two people in Abu Dhabi, as Israel and Iran continued exchanging strikes.
📌 European Parliament gives conditional approval to the EU–US trade deal
The European Parliament approved legislation advancing the EU–US trade deal by 417 votes to 154, with 71 abstentions. The arrangement would cap US tariffs on most EU goods at 15%, instead of the 30% once threatened, while the EU would remove duties on US industrial imports. Lawmakers also added safeguards allowing suspension of the deal if Washington raises tariffs above 15%, imposes new duties, or threatens EU territorial sovereignty. A sunrise clause would delay EU tariff cuts until the US fully complies, and the deal still requires approval from all 27 EU member states before implementation.
📌 The oil crisis could create a timely opening for China’s troubled EV makers
Surging oil prices triggered by the US–Israel war with Iran are making electric vehicles more attractive and creating a potential opportunity for Chinese EV companies. As fuel costs rise and Asian economies remain heavily dependent on Middle Eastern oil, analysts say lower-cost Chinese EVs could expand their foothold across the region. The crisis also reinforces China’s long-term energy security strategy by linking EV adoption to lower oil dependence. With weak domestic demand and overcapacity at home, Chinese automakers are under growing pressure to find external markets, especially as US tariffs continue to block their access to the American market.
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