live Iran closes Strait of Hormuz again over U.S. blockade, state media says- Saturday 18 April
Iran's Islamic Revolutionary Guards Corps (IRGC) said in a Saturday statement that the Strait of Hormuz has...
Ukraine has accused Hungary of taking seven employees of a state-owned bank hostage in Budapest.
The dispute is the latest clash between the two European neighbours, after Hungary blocked a €90 billion ($106 billion) EU loan to Ukraine, accusing Kyiv of disrupting deliveries of Russian oil.
Writing on X, Sybiha said: “Today in Budapest, Hungarian authorities took seven Ukrainian citizens hostage. The reasons are still unknown, as well as their current well-being or the possibility of contacting them.”
The Hungarian government has yet to comment on the accusations.
Oschadbank, Ukraine’s state savings bank, said the employees were carrying $40 million, €35 million and 9kg of gold. GPS data showed the cars near a Hungarian secret services building in Budapest on Friday (6 March), the bank said.
“Oschadbank demands the immediate release of its employees and property and their return to Ukraine,” it added.
The scheduled trip between Austria and Ukraine was “part of regular services between state banks”, Sybiha said. He added that Kyiv had demanded Hungary immediately release the Ukrainian citizens.
“This is state terrorism and racketeering,” he said.
In February, Hungary vetoed a €90 billion EU loan to Kyiv intended to support its 2026–2027 budget and military needs, until oil deliveries via the Druzhba pipeline resumed.
Hungary is one of only two EU countries still importing Russian oil, along with Slovakia. The Druzhba pipeline is the main route for delivering Russian oil to Hungary and Slovakia.
Deliveries stopped after a 27 January airstrike by Moscow, according to Ukraine. Budapest has blamed Kyiv for failing to restore transit promptly. Ukraine denies the accusation.
Budapest and Bratislava suspended diesel fuel deliveries to Ukraine in February over the pipeline dispute. Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said shipments would remain blocked until oil flows via the Druzhba pipeline resumed.
The past 24 hours of the Russia-Ukraine war have seen a drastic escalation in both aerial bombardment and frontline losses.
Iran reopened the Strait of Hormuz to commercial shipping on Friday (17 April) for the first time since the U.S. and Israel killed Iran's ex-Supreme Leader in air strikes, triggering the Middle East conflict, at the end of February. A U.S. blockade on Iranian ports, however, remains in force.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Iran's Islamic Revolutionary Guards Corps (IRGC) said in a Saturday statement that the Strait of Hormuz has returned to its "previous state" under the control of its "armed forces," citing the ongoing U.S. blockade on Iranian ports.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
The Trump administration extended a sanctions exemption on some Russian oil as prices continue to skyrocket in the wake of the U.S.- Israeli war against Iran on Friday (17 April).
Australia and Japan signed contracts on Saturday (18 April) launching their landmark A$10 billion ($7 billion) deal to supply Australia with warships, Tokyo's most consequential military sale since ending a military export ban in 2014.
Leaders from across Europe and beyond gathered in Paris on Friday for a summit aimed at managing the global impact of the Middle East conflict.
European leaders have set out plans for a coordinated defensive mission to restore freedom of navigation in the Strait of Hormuz, once security conditions allow, following talks involving more than 40 countries.
NeaNearly 900 Rohingya refugees were reported missing or dead in the Andaman Sea off Myanmar in 2025, making it the deadliest year on record, the United Nations Refugee Agency said on Friday.
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