Nato allies have announced a major new investment in their collective defence, pledging £37bn for a new missile project that promises to upgrade the alliance's military capabilities at a critical time.
British Prime Minister Set to Lead International Talks
UK Prime Minister Sir Keir Starmer will convene around a dozen leaders to discuss the programme in Ankara, Turkey, this week.
The development comes amid escalating tensions between the US and Iran, following fresh strikes on Tehran's military infrastructure overnight on Tuesday. The US launched the strikes in response to an attack on two oil tankers in the Strait of Hormuz on that day.
The US has accused Iran of being responsible for the attack, although Tehran has denied any involvement. The move has heightened fears of a wider conflict in the region, and Nato's decision to back the new missile project is seen as a significant response to the escalating tensions.
According to officials, the £37bn investment will go toward the joint development and deployment of advanced missile systems across Nato member states. The aim is to improve the alliance's ability to respond to threats from a range of potential adversaries, including Russia and China.
The missile project marks a significant increase in Nato's military spending, with officials stating that it will play a key role in the alliance's ability to project power in the years ahead.
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