Defense at 3.5% of GDP, Crisis in Hormuz & More Today
Italy is preparing to drastically increase funding for weapons and defense, aiming to reach 3.5% of Gross Domestic Product (GDP) to align with Donald Trump's demands. Prime Minister Meloni's move, following Germany's example, would involve a much heavier economic commitment for the state coffers and the deployment of new drones and military missions. This choice aims to strengthen ties with the new US administration, but will require a review of public spending that could affect public services and citizens' taxes.
An emergency UN operation has begun to evacuate 11,000 seafarers stranded in the Strait of Hormuz, where over 400 ships are stalled due to tensions in the Persian Gulf. Donald Trump stated that Iran has promised not to impose tolls for the passage of ships, warning that negotiations will stop if this promise is not kept. The blockage of this trade route is being closely monitored due to the risk of new price hikes on energy costs and goods arriving in Europe.
A new United Nations report officially accuses Israel of committing "genocide" by deliberately targeting Palestinian children in the Gaza Strip. According to the UN, the attacks do not only target people but aim to systematically destroy the education, mental health, and future of the new generations. The statement increases international legal pressure and could lead to new restrictions or diplomatic sanctions.
A strong earthquake has struck Caracas, Venezuela, causing several buildings to collapse in the Chacao municipality. Emergency teams have already rescued 18 people from the rubble, but rescue operations are still underway to locate other survivors. The earthquake is causing concern in Italy due to the numerous family ties with the Italian-Venezuelan community.
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