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Former US Vice President Harris: The Culprit Behind Soaring Diesel And Gasoline Prices In The US Is Trump And His War Against Iran. His Latest Tactic—selling Fuel Solutions To His Ally Putin—demonstrates Weakness; It Funds Russian Military Operations But Does Nothing To Ease The Burden On American Families
Spot Gold Opened Slightly Lower On Monday And Is Currently Trading At $4,193 Per Ounce. Spot Silver Opened Slightly Higher And Is Currently Trading At $60.85 Per Ounce
Both WTI And Brent Crude Oil Opened 0.3% Higher On Monday, At $91.28 Per Barrel And $103.06 Per Barrel, Respectively
U.S. President Trump: Katie Zacharia Will Officially Assume The Role Of Press Secretary Tomorrow (October 12, Eastern Time), Which Is Columbus Day, And Will Hold Her First Press Briefing In The White House Briefing Room At 9:30 A.m. On Tuesday. Katie Has Been With Me From The Start, And She Will Undoubtedly Excel In This Role
The Notice Indicates That The Federal Aviation Administration (FAA) Is Urging U.S. Airlines To Exercise Caution When Flying To Or Over Saudi Arabia
In Early Trading, The US Dollar Index (DXY) Rose Slightly By 0.1% To 102.3. The New Zealand Dollar (NZD/USD) Fell 0.25% To Below 0.56
The British Embassy In Saudi Arabia Issued A Notice On Social Media Advising British Citizens To Avoid Travel To Jeddah And Dammam, As Well As All Saudi Airports Except Medina
The UK Maritime Trade Organization Has Reclassified The Incident At The Sohar Anchorage In Oman As An Attack. The Tanker Was Attacked By Drones, And Local Authorities Are Assisting With The Evacuation Of The Crew
Market Sources Indicate That Iranian Foreign Minister Araqchi, In A Phone Call With The Saudi Foreign Minister, Stated That Taking Military Action Instead Of Seeking A Diplomatic Solution Would Further Complicate The Situation. Iran Is Willing To Assist In Facilitating Dialogue Between Saudi Arabia And The Houthi Rebels To Reach A Political Solution
Saudi Ministry Of Energy: The Saudi Minister Of Industry And Mineral Resources And The Kuwaiti Minister Of Electricity, Water And Renewable Energy Signed A Memorandum Of Understanding On Cooperation In The Field Of Electricity And Renewable Energy
The Iranian Foreign Minister Informed The Saudi Foreign Minister That Tehran Was Prepared To Provide Assistance In Facilitating Dialogue Between Saudi Arabia And Yemen
Canadian Prime Minister Stephen Harper's Office: Canadian Prime Minister Stephen Harper Supports An Energy Ceasefire Between Ukraine And Russia
Canadian Prime Minister Carney's Office: Canadian Prime Minister Carney Spoke With US President Trump
Market News: Several U.S. Senators Have Issued A Statement Urging President Trump To Reverse His Decision To Allow The Import Of Russian Diesel Fuel
According To The Saudi Press Agency: The Foreign Ministers Of Saudi Arabia And Iran Discussed The Latest Escalation In The Situation In The Region
According To The Islamic Republic News Agency (IRNA), Iranian Deputy Foreign Minister Gharibabadi Stated That The Strait Of Hormuz Is Not Merely A Shipping Lane But An Important And Integral Component Of Iran's National Security. Therefore, Iran Rightfully Reserves The Right To Take All Available Measures To Protect It
According To The Saudi Press Agency, Saudi Arabia And Qatar Have Signed A Memorandum Of Understanding To Establish A Framework For Cooperation In The Oil, Gas, Petrochemical And Other Sectors, And To Explore Joint Opportunities In The Construction Of Pipelines For Transportation And Export
According To The Saudi Press Agency, The Saudi Energy Minister Signed Three Memorandums Of Understanding On Energy Cooperation With Kuwait, Qatar, And Egypt

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Transatlantic trust has plummeted. Disruptive US diplomacy is forcing Europe to fundamentally rethink the partnership.
The relationship between Europe and the United States has hit its "lowest moment" since the founding of NATO, according to former European Commission President Jose Manuel Barroso. He argues that Washington's disruptive diplomatic strategy is compelling traditional allies to fundamentally re-examine the transatlantic partnership.
"There are some doubts about the relationship with the United States," Barroso, who also served as Portugal's prime minister, stated in a recent interview. He highlighted a growing loss of trust that affects not only the European Union but also the United Kingdom.
According to Barroso, the historic alliance, once rooted in shared "democratic values," is increasingly driven by transactional interests. He described the current situation as a "rupture phase," creating uncertainty about the future direction of the relationship.
This shift has been accelerated by U.S. President Donald Trump's push to acquire Greenland, a semi-autonomous territory of Denmark. The approach, which included threats of military action and higher tariffs on European goods, has significantly damaged confidence in American leadership among European officials and the public.
Barroso characterized Trump as "the great disruptor," noting he is sometimes "more tough with allies and friends, than with opponents."

While President Trump eventually walked back threats of military force and tariffs intended to pressure European nations, his goal of controlling the Arctic territory remains.
Following a meeting with NATO Secretary General Mark Rutte, Trump claimed on social media that "the framework of a future deal" on Greenland was in place, offering no further details. However, Rutte later clarified that the issue of Greenland's ownership was not discussed during their talks.
The erosion of trust is reflected in recent polling. A November survey by the European Council on Foreign Relations found that only 16% of Europeans still view the U.S. as an ally that shares their values, a drop from 21% in 2024. More strikingly, 20% now consider the U.S. a rival or an enemy.
This collapse in confidence was particularly stark in the U.K., where the share of citizens viewing the U.S. as a key ally fell from 37% to 25% in just one year.
In response to pressure from the Trump administration over defense spending, European leaders have accelerated efforts to achieve "European sovereignty." Barroso believes this will lead to a fundamental shift within the security alliance.
"If you want to keep NATO, it will be a more Europeanized NATO," he said, emphasizing that Europe must prioritize its own defense capabilities rather than relying solely on the United States.
At last year's NATO Summit in The Hague, member states committed to investing 5% of their economic output in defense and security by 2035, a decision that followed months of pressure from Washington.
NATO's Evolving Strength
Despite the internal friction, Barroso noted that NATO has grown stronger since Russia's invasion of Ukraine. The alliance has expanded to include Sweden and Finland, bringing it operationally closer to Russia's border. NATO has also significantly increased its military presence along its eastern flank.
While pessimistic about the current state of U.S.-Europe relations, Barroso cautioned against declaring the end of the transatlantic alliance. He affirmed that the United States remains a crucial partner for Europe's overall security.
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