NATO Ankara summit: Trump insults Iran and Spain, NATO pledges €70bn for Ukraine (euobserver.com)

• Trump insulted Iranian leaders and ended truce, US struck 80 targets
• Spain called 'wasted cause' for refusing 5% GDP defence target
• NATO pledges €70bn in Ukraine military aid for 2026
• Oil prices rise 6% to $74/barrel after US-Iran escalation

"At the NATO summit in Ankara on 8 July 2026, US President Trump insulted Iranian leaders and Spain. He threatened trade action against Spain for refusing to commit to 5% GDP defence spending. NATO pledged over €70 billion in military aid for Ukraine in 2026 and at least as much for 2027. Trump declared the end of the truce with Iran, and the US struck 80 Iranian targets, prompting retaliation. Oil prices rose 6%."