Representatives also move to strengthen US ties with Taiwan and approve legislation to sanction officials involved in Falun Gong abuses

Investors are psyched over the US and China tariff reprieve, and Hungary might block the EU’s plans to continue sanctioning Russia, but Brussels has a plan B. Plus, Microsoft is complicating OpenAI’s already messy restructuring. I’m Marc Filippino, and here’s the news you need to start your day.

The State Department said Wednesday they would sanction six entities and six individuals based in Iran and China for supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) ballistic missile

The US Treasury Department has sanctioned six oil tankers, a Chinese teapot refinery and three Chinese terminal operators

Caught between Trump's tariffs and China's overtures, the EU is navigating a high-stakes trade balancing act to protect its economic interests amid growing geopolitical tensions.

BRUSSELS – China has lifted sanctions on five EU parliamentarians after signaling interest in closer economic and political ties with Europe. European Parliament President Roberta Metsola informed political group leaders during a closed-door meeting of the decision of the Chinese authorities on Wednesday.

China will lift sanctions on several Members of the European Parliament and the parliament’s Subcommittee on Human Rights, the EU’s top parliamentary official has said. The move comes as tensions rise over new US trade tariffs targeting both China and the EU.

Iranian oil flows to China via shadow tankers that have always been hard to track. Now the US has lost some of its leverage due to the tariff war on top of that.

Trump administration on Thursday targeted Iranian oil with a new sanctions — increasing pressure on Iran to make a deal with the U.S. to prevent nuclear proliferation, Fox News Digital has learned.

The US on Wednesday announced that it will call for United Nations sanctions against vessels transporting North Korean coal and iron ore to ports in China.