Iran says Strait of Hormuz will remain closed until U.S. meets deal terms
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade ...
Hungarian election winner Péter Magyar on Monday nominated András Kármán as finance minister, Anita Orbán as foreign minister and István Kapitány as economy and energy minister in his incoming government, as previously indicated.
Magyar's centre-right Tisza (Respect and Freedom) won a landslide victory in an 12 April election, ending the 16-year rule of right-wing Prime Minister Viktor Orbán that had become a template for many conservative rulers across the West.
The result could allow Magyar to overhaul some of Orbán's contested reforms in order to unlock billions of euros of funding that the European Union froze over rule-of-law concerns.
"We have said it several times already, this is an enormous mandate, an enormous majority, and at least as large a responsibility," Magyar said after the first meeting of his parliamentary group.
"This was the key point of today's parliamentary group meeting, to discuss with our fellow lawmakers what this responsibility means and how we can live up to this responsibility 24/7, every day of the year."
Karman, a former Erste Bank executive, also worked as a member of the board at the European Bank for Reconstruction and Development, and was a state secretary at the Economy Ministry after Orban's election in 2010.
Kapitány, a former global executive vice president at Shell, who also led a Hungarian association of executives between 2020 and 2025, has said the release of EU funding and predictable policies would help revive the economy.
Anita Orbán- no relation to Viktor worked as public affairs director at Vodafone and held various diplomatic roles at the Foreign Ministry in his first government between 2010 and 2015.
Magyar said his government could take power during the week of 11 May after he is expected to take the oath of office on 9 or 10 May at the inaugural session of parliament.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
South Korea's presidential Blue House said on Monday it was reviewing U.S. President Donald Trump's comments on scaling back joint military drills. It added that it hoped a favourable relationship between Washington and Pyongyang could lead to meaningful talks.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Britain will continue to support Ukraine “100 per cent” against Russia’s invasion, Prime Minister Andy Burnham said on Tuesday, after Moscow warned London of consequences over reports that British-made drones had been used in strikes on Russian territory.
Russia has summoned Japan’s ambassador to Moscow and delivered a strong protest over what it called “anti-Russian” remarks by Japanese Prime Minister Sanae Takaichi and Foreign Minister Toshimitsu Motegi concerning four disputed islands.
Pakistan is turning to more U.S. crude as disruption around the Strait of Hormuz exposes the risks of its heavy reliance on Gulf energy supplies.
U.S. Forces Korea (USFK) Commander Xavier Brunson visited South Korea's Defence Ministry on Tuesday to discuss plans to scale back the joint Ulchi Freedom Shield military exercise, according to media reports.
European countries are stepping up investment in drones and counter-drone technology as unmanned systems reshape modern warfare, driving demand for new production and capabilities across the continent.
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