European Commission President Ursula von der Leyen delivers a keynote speech on the EU Ambassadors Conference in Brussels.
The value of oil has clocked its largest single-day acquire in six years – with Brent crude surging by greater than 20% to $114 (£85) a barrel.
Iran has introduced Mojtaba Khamenei, the son of Iran’s former supreme chief, as his substitute.
Meanwhile, Qatar’s prime minister tells Sky News that Iran has "betrayed" Qatar.
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