Tisza party is on course for a landslide victory in Sunday's Hungarian parliamentary election, with projections pointing to a two-thirds supermajority, the threshold required to amend Hungary's constitution. The result would end Viktor Orbán's prolonged grip on power and mark a fundamental realignment in Budapest's political landscape. A supermajority grants the incoming government unilateral authority to rewrite constitutional provisions, restructure institutions, and reverse legislation passed under Orbán's Fidesz governments. For Brussels, the shift carries immediate fiscal consequence: Hungary has had billions in EU cohesion funds frozen over rule-of-law violations, and a Tisza-led government aligned with EU norms could unlock that capital relatively quickly. Markets will be watching whether the new government moves to restore judicial independence and press freedom benchmarks that the European Commission has used as conditions for disbursement. The pace of institutional reform and the new administration's early signals on EU compliance will determine how fast frozen funds flow and whether Hungary's sovereign risk profile reprices.
Venezuela's earthquake death toll has reached 1,430 with the US Geological Survey warning fatalities could top 10,000, placing it among Latin America's deadliest in a century. US military planes are landing in Caracas, Washington is mobilising $150 million in aid, and rescue teams from 17 countries are on the ground.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
