Saudi oil shock puts Nigeria in line for Europe’s crude scramble

Canadian Prime Minister Mark Carney will address the European Parliament on Thursday amid tensions with U.S. President Donald Trump over Ottawa's efforts to strengthen ties with Europe, including a proposal for Canada to become the European Union's first associate member. Trump has threatened retaliatory tariffs if Canada joins the EU, describing the move as a "hostile act."

Canadian and European leaders have welcomed the proposal, with Carney receiving a standing ovation. The EU's Commission President Ursula von der Leyen has called for Canada to join the "Alliance for the Future," a more closely integrated relationship beyond the existing free trade agreement. Carney has urged middle powers to reduce their dependence on dominant countries and build resilience.