U.S. President Donald Trump hails a three-week ceasefire extension between Israel and Lebanon and that he is willing to wait until an appropriate deal is reached with Iran in order to re-open the Strait of Hormuz. EU leaders meet at an informal summit in Cyprus for a second day with the Gulf crisis, energy security and the bloc’s budget top of the agenda. Leaders also celebrated agreement on Ukraine’s €90bn loan. Siemens Energy hikes guidance while software giant SAP notches a Q1 beat but warned that cloud growth was dependent on geo-political events in the Middle East.
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