MOL has received a one-month extension from the US Treasury to finalize negotiations for a controlling stake in Serbia's NIS, which is under US sanctions due to its majority owner Gazprom Neft. The deadline is now July 31, 2026.
Volvo Cars, partly owned by China's Zhejiang Geely Holding, has been granted a US authorization to import connected cars despite a ban on vehicles with Chinese links starting from model year 2027.
Israeli Defense Minister Israel Katz announced Israel is ready to resume military operations against Iran, with goals of destroying Iran's economic infrastructure and eliminating top leadership including Ayatollah Mojtaba Khamenei. The IDF is awaiting US authorization. On February 28, the US and Israel launched a large-scale operation against Iran; 3,375 Iranians died over 40 days of war. A two-week ceasefire announced April 7 is now under dispute.
