Leaders of the Middle East and Europe have welcomed a peace plan for Gaza proposed by the Trump administration.
In a joint statement, the foreign ministers of the United Arab Emirates, Saudi Arabia, Qatar, Egypt, Jordan, Turkey, Indonesia, and Pakistan have welcomed President Donald Trump's "leadership and his sincere efforts to end the war in Gaza", and added that they were ready to engage with the Trump administration to finalize and implement the agreement.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.