Viktor Orban, Hungary's long-serving Prime Minister and leader of the Fidesz party, has conceded defeat after early results indicated his party lost its parliamentary majority. The concession marks a significant break in Orban's grip on Hungarian politics, which has defined the country's trajectory within the European Union for over a decade. Fidesz held a supermajority for multiple consecutive terms, granting Orban broad legislative power to reshape Hungary's judiciary, media landscape, and constitutional framework. Loss of a parliamentary majority removes that legislative dominance, constraining his ability to pass constitutional changes unilaterally. For the EU, the shift is notable: Orban has been the bloc's most prominent internal critic, repeatedly blocking joint positions on Ukraine aid and rule-of-law conditionality. A new governing coalition would face immediate decisions on EU fund access, frozen over rule-of-law concerns, and Hungary's posture on the Ukraine conflict. Watch for coalition formation talks and early signals on Budapest's foreign policy realignment.
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.