In a significant diplomatic move, the US Congress has voiced its support for King Mohammed VI's claim over the Spanish enclaves of Ceuta and Melilla, asserting that these territories are rightfully part of Morocco. This development comes amid heightened tensions in North Africa, as Morocco continues to assert its territorial claims in the region. The endorsement from Congress could further influence the geopolitical landscape, potentially affecting trade relations and regional stability. As the situation unfolds, market participants are closely monitoring the implications for bilateral relations between the US, Spain, and Morocco, as well as the broader impact on European and North African economic dynamics.