
U.S. President Donald Trump threatened on Tuesday to impose a total trade embargo on Spain after Prime Minister Pedro Sánchez’s government refused to allow the use of the Rota and Morón bases for missions linked to strikes on Iran.

Chile’s president-elect José Antonio Kast said on Tuesday he is suspending the handover process with outgoing President Gabriel Boric, arguing his team cannot trust the information it has received on key issues, including a China-linked subsea fiber-optic project that would connect central Chile with Hong Kong.

Donald Trump criticized UK Prime Minister Keir Starmer for refusing to take part in strikes against Iran and said the long-standing US-UK “special relationship” is “not what it was,” in remarks carried by Britain’s The Sun and reported by Reuters.

The Free Trade Agreement (FTA) between Mercosur and Singapore entered into force on a bilateral basis between Uruguay and the city-state on 1 March 2026, after both sides completed domestic procedures and deposited their instruments of ratification, according to a joint statement.

France will deploy anti-missile and anti-drone systems to Cyprus and send a frigate after drones struck the UK’s RAF Akrotiri air base on the island, citing Cyprus’ state-run CNA news agency and a Cypriot government source. The move comes amid a fast-moving regional escalation tied to fighting involving the United States, Israel and Iran.

Brazil’s Finance Minister Fernando Haddad said on Monday that U.S. and Israeli attacks against Iran should not have an immediate impact on Brazil’s macroeconomic indicators, while cautioning that the conflict’s trajectory remains hard to predict and is being monitored “carefully” by his ministry.

President Emmanuel Macron said France will increase the size of its nuclear arsenal and roll out a new “advanced deterrence” doctrine that would involve a group of European partners more directly in exercises, deployments and supporting capabilities—moves Paris framed as a response to a more unstable strategic environment.

Iran’s Revolutionary Guards said on Monday the Strait of Hormuz is now “closed” and threatened to attack any vessel attempting to transit, in the most explicit warning yet against the Gulf’s main maritime chokepoint. A Guards commander said they would set any ship “ablaze” if it tried to pass, according to remarks carried by Reuters.

Global oil prices rose sharply on Monday and European equities fell as the regional conflict intensified, following attacks on vessels near the Strait of Hormuz and Iranian warnings to shipping in a chokepoint through which roughly a fifth of the world’s oil and gas trade moves.

An Iranian-made drone struck the UK’s RAF Akrotiri airbase in Cyprus overnight, causing no casualties and only limited damage, in an incident that brought the Middle East conflict directly onto European Union territory. British authorities raised force-protection measures and ordered non-essential personnel to leave and disperse, while the base continued operating, according to official information reported by Reuters.