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The Liberian-flagged MSC ISTANBUL, heading for Portugal from Malaysia, ran aground in Egypt’s Suez Canal, one of the most significant transit points for global trade. The incident did not affect other ship traffic in the canal.

According to the most recent Suez Canal Authority social media post, the ship was rescued and refloated.

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Greece Plans €25 Billion Defense Investment by 2036

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Greek Prime Minister Kyriakos Mitsotakis announced a €25 billion defense investment by 2036, calling it the most significant transformation in the country’s military history. The plan includes advanced defense technologies, drone systems, cyber capabilities, and stronger participation from the Greek defense industry.

Mitsotakis stressed that these investments are essential for national sovereignty and security, citing global conflicts from Ukraine to the Middle East. He noted that Greece had to rapidly rebuild its military since 2019 and highlighted defense agreements with France, including the purchase of Rafale jets and Belharra frigates.

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