German defence minister in a shifting security pact
NATO leaders have met in Ankara after months of U.S. threats to scale back forces in Europe and repeated U.S. demands that allies raise defence spending to 5% of GDP by 2035. Tensions over the U.S.-Israeli war on Iran and U.S. troop reviews have strained transatlantic ties, while European governments are increasing procurement and planning to assume more conventional defence responsibilities.
Indirect talks mediated by Qatar and Pakistan are pressing to implement the Islamabad Memorandum and to restart shipping through the Strait of Hormuz. Officials say progress is being made, with a monitoring channel set to report violations, and discussions on how part of Iran’s frozen assets could be used to purchase needed goods.
Oil prices have risen this week after U.S. officials narrowed a waiver to the Jones Act for energy shipments and data showed U.S. crude stocks have fallen to multi-decade lows. Traders are parsing mixed statements from Washington and Tehran about talks to reopen the Strait of Hormuz while reparations demands have emerged, keeping markets volatile on 11 Aug 2026.
Netanyahu has met with Trump at the White House for discussions on Iran’s nuclear ambitions amid ongoing US-Israeli hostilities. Talks aim to coordinate strategy on Iran, with emphasis on preventing nuclear development and managing wider regional tensions. The week features high-stakes diplomacy and looming electoral tests in both countries.
President Volodymyr Zelenskyy has said Russian forces have used ballistic missiles supplied by North Korea in strikes that hit the Zaporizhstal steel plant and other Ukrainian cities, killing at least seven workers and wounding others. Kyiv has also said Moscow is receiving more North Korean missiles and preparing to deploy more North Korean personnel on Russian territory. Allies are being urged to send more air-defence systems.
Germany has announced it is urgently sending Patriot Pac-2 interceptors to Ukraine, while allies including the UK commit funds and missiles from stockpiles. Kyiv warns that most missiles will arrive only in coming years, prompting appeals for immediate shipments. Ukraine is also pursuing EU loans to fund air-defence and drone supplies amid ongoing Russian attacks.
Germany has formalised a purchase of 35 F-35A fighters to replace Tornados, reinforcing NATO nuclear-sharing duties and signaling a broader European defence push. Deliveries are scheduled through 2029, with pilot training next year in Arkansas.