Search Site

Trends banner

TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

No Middle East escalation, urges EU foreign policy chief after US strikes

The EU foreign policy chief said that the Middle East "is a boiler that can explode". (AFP)
  • US President Joe Biden vowing more attacks in retaliation for a deadly drone attack on an American base in Jordan.
  • The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks.

BRUSSELS, BELGIUM – European Union foreign policy chief Josep Borrell on Saturday called on all parties to avoid further escalation in the Middle East after US strikes on Iran-linked groups in Syria and Iraq.

“Everybody should try to avoid that the situation becomes explosive,” Borrell said at a meeting on EU foreign ministers in Brussels.

The United States launched air strikes against Iranian forces and allied militias in Iraq and Syria on Friday, with President Joe Biden vowing more to come in retaliation for a deadly drone attack on an American base in Jordan.

Borrell did not address the US strikes directly, but repeated a warning that the Middle East “is a boiler that can explode”.

He pointed to the war in Gaza, violence along the Lebanese border, bombings in Iraq and Syria and attacks on shipping in the Red Sea.

“That’s why we call everybody to try to avoid an escalation,” Borrell said.

The EU is aiming to launch a naval mission in the Red Sea later this month to help protect international vessels from attacks by Yemen’s Houthis.

Borrell said the mission would be “defensive” and not conduct any attacks on land against the Yemeni rebels.