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Middle East chaos has kept the crucial Strait of Hormuz squeezed for over three months now, disrupting one of the world's busiest energy corridors, sending ripples across nations. But amid the chaos, India may have quietly found a Plan B — Oman. India's free trade agreement with Oman, which comes into effect on June 1, could help keep trade and energy supplies flowing when the Gulf region hits a rough patch, according to the Global Trade Research Initiative (GTRI).
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The Baltic States, like the rest of Europe, are grappling with equipment shortages for the key technologies that will make it easier to respond to drone incursions, experts say. Recent drone incursions along NATO's eastern flank have reinforced the Baltic states' push to strengthen their air defences. But defence experts say a shortage of equipment and specialised personnel across Europe could slow efforts to close critical gaps in drone detection and response.
How much is EU trade with the US falling?
Exports to the US dropped by nearly a third in the first three months of 2026, as the EU prepares to implement its side of a trade deal with Washington. The impact of Trump's tariffs on the EU market is already becoming tangible, with a negative trade trend second only to that with Iran. In the first three months of 2026, the EU lost 30% of the value (€) in goods exchanged with the US compared with the same period last year, according to Eurostat.