US Military to Blockade Iranian Ports Starting Monday
The U.S. military will implement a blockade of Iranian ports starting Monday at 10 a.m. ET, following the failure of peace talks with Iran, according to U.S. Central Command. President Donald Trump announced that the Navy will interdict any ship in international waters that has paid Iran a toll to transit the Strait of Hormuz, prompting crude oil prices to surge above $100 a barrel, with U.S. futures for May delivery reaching $104.8 and Brent for June delivery climbing to $102.2.
Péter Magyar Ousts Viktor Orbán in Historic Election
Péter Magyar, leader of the center-right Tisza Party, has ousted Viktor Orbán after 16 years in power, securing a projected 138 seats in Hungary's 199-seat parliament following a historic election with a record turnout of 79.5%. Orbán conceded defeat, acknowledging the clear and painful result for his Fidesz party, which is projected to hold 55 seats. Magyar's victory is expected to realign Hungary's foreign relations, moving away from close ties with Russia and towards a more cooperative stance with the European Union.
