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Europe’s attention is fixed on Hungary’s parliamentary election scheduled for April 12, a contest many analysts view as a litmus test for the bloc’s cohesion on foreign‑policy, defence, energy and migration. Since coming to power, Prime Minister Viktor Orban has consistently blocked EU initiatives: he has refused to join a common asylum framework, opposed a joint defence scheme, resisted the shift toward renewable‑energy independence while still importing Russian hydrocarbons, and vetoed both Ukraine’s accession talks and a proposed €90 billion low‑interest loan package for Kyiv. These actions have made Hungary the most disruptive member state in the Union, prompting observers to argue that the election’s outcome will reverberate far beyond Budapest’s borders. Greek conservative MP Angelos Syrigos warned that the EU is plagued by “fanatically Trump‑like and pro‑Russian” governments, naming Hungary and Slovakia as examples. He told Al Jazeera that the constant threat of an Orban veto forces other capitals to seek ad‑hoc compromises rather than genuine consensus. Opposition leader Peter Magyar of the Tisza party is campaigning on a pro‑European platform, pledging a binding referendum on Ukraine’s membership, a crackdown on corruption, the release of billions in frozen EU funds, and a reversal of Hungary’s withdrawal from the International Criminal Court. Current polls give Tisza roughly 50 % of the vote, a ten‑point lead over the ruling Fidesz, though the political landscape remains fluid. Even a Magyar victory would not automatically resolve the EU’s structural challenges. Other illiberal leaders—such as Slovakia’s Robert Fico and the Czech Republic’s Andrej Babiš—could step into a vacuum of obstructionism. Nevertheless, some scholars argue that Orban’s habit of breaking consensus has forced the Union to become more pragmatic. At a December 2023 summit, EU leaders temporarily excluded Orban to secure unanimous approval of Ukraine’s candidate status, later offering Hungary a €10 billion release of blocked funds as an incentive. Professor Katalin Miklossy of the University of Helsinki explained that the EU has shifted from a rigid, rule‑bound approach to a more flexible, problem‑solving mindset, saying, “We were weak when we clung to the book; now we act more practically.” Should Orban remain in power, the bloc is considering a workaround: issuing 26 bilateral loans to Ukraine from member states, bypassing any single‑country veto. Historical precedent exists. In 2010, when Greece’s debt crisis threatened the euro, EU members created the Greek Loan Facility—an ad‑hoc series of bilateral loans that compensated for the lack of a common rescue fund. Ukrainian President Volodymyr Zelenskyy has warned that delays in funding could leave the Ukrainian army under‑resourced, underscoring the geopolitical stakes of the Hungarian vote. The EU’s inability to move from unanimity to qualified‑majority voting—an ambition thwarted by failed French and Dutch referenda in 2005—has amplified Orban’s leverage. Yet the Union continues to evolve, having launched a common bond in 2020 to revive the pandemic‑hit economy and, since Russia’s 2022 invasion, channeling resources into a nascent European defence union. Orban’s recent reversal on the €90 billion Ukraine loan—after Kyiv refused to repair the Druzhba pipeline damaged by a Russian bomb—illustrates the volatility of his stance. He initially agreed to the loan in December, on the condition that Hungary, Slovakia and the Czech Republic would not be required to co‑sign, only to withdraw support a month later. Even if Magyar secures a parliamentary majority, the promised loan may not materialise immediately. Cambridge‑based expert Victoria Vdovychenko notes that a decision made in December 2025 to disburse funds from January 2026 has already stalled, with the next realistic window possibly in June. Academics stress that a Tisza victory would deliver a psychological boost to the EU and its trans‑Atlantic partners, injecting confidence into a system battling “stealth creep of illiberalism” and economic disenfranchisement. Professor SM Amadae of Cambridge’s Centre for the Study of Existential Risk warned that while a change in Hungary could energise citizens, the entrenched gerrymandering and patronage networks of Fidesz present formidable obstacles to lasting reform. In sum, the April 12 election is more than a domestic contest; it is a pivotal moment that could reshape the EU’s decision‑making architecture, determine the flow of critical aid to Ukraine, and signal the future trajectory of populist politics across Europe.

Former Iranian foreign minister Kamal Kharazi has been seriously wounded in an apparent assassination attempt that killed his wife, as US-Israeli strikes continue to pound Iran for a fifth week.Iranian media on Thursday reported that Kharazi's home in Tehran was targeted the previous day in an air strike. The official was hospitalised with serious injuries, according to newspapers Shargh, Etemad and Ham Mihan.“We have seen what looks like an assassination attempt against the former foreign minister, Kamal Kharazi … We don’t know why he’s been targeted. He has been gravely wounded, and his wife was killed,” said Al Jazeera’s Mohamed Vall, reporting from Tehran.Air strikes were reported on Thursday across Iran, including in Tehran, Isfahan and Shiraz. Four people were reported killed in Larestan, in southern Iran.Meanwhile, the spokesperson of the armed forces’ unified command said Tehran will press on with the Middle East war until the US and Israel face “permanent regret and surrender”, the semiofficial Tasnim news agency reported.Ebrahim Zolfaghari, spokesperson of the Khatam al-Anbiya central headquarters, said US and Israeli assessments of Iran’s military capabilities were “incomplete” and that Tehran would step up its military actions, with “more crushing, broader and more destructive” attacks in store for its adversaries.The threat followed comments by US President Donald Trump that Washington would hit Iran “extremely hard” within weeks, although Iran was “essentially decimated” and the US was on track to achieve its military objectives.More than 1,340 people have been killed in Iran since the US and Israel launched joint air strikes on February 28. At least 24 people have been killed in Israel, as well as 13 US soldiers in the region.

Oil prices experienced a significant surge, rising more than $5, after President Donald Trump stated that the United States would continue its military operations against Iran. This development has heightened investor concerns about potential sustained disruptions to global oil supplies.Brent crude futures saw a notable increase, rising $6.33, or 6.3%, to $107.49 per barrel early on Thursday. Similarly, US West Texas Intermediate crude futures were up $5.28, or 5.3%, to $105.40 per barrel. These gains followed an earlier decline of more than $1 in both benchmarks prior to Trump's televised address to the nation.The recent escalation in tensions between the US and Iran has led to the closure of the Strait of Hormuz by Iran, in retaliation for the US-Israeli attacks. This strategic move has disrupted approximately one-fifth of global oil and liquefied natural gas (LNG) supplies, precipitating the world's most significant energy crisis in decades.Trump emphasized that the US military is nearing its objectives in the conflict, which he expects to conclude within two to three weeks. His remarks have contributed to increased uncertainty in financial markets.Asian stocks were severely impacted following Trump's speech. Most Southeast Asian countries, which heavily rely on oil imports, are particularly vulnerable to the sharp rise in oil prices triggered by the Middle East conflict. The MSCI gauge of EM Asia equities experienced a 2.3% decline, while regional currencies weakened by 0.2%.Notably, South Korea's main stock market, the Korea Composite Stock Price Index (KOSPI), plummeted by 4.2% after initially gaining nearly 2%. South Korean President Lee Jae Myung urged parliament to promptly pass a 26.2 trillion won ($17.3bn) supplementary budget to bolster the economy during what he described as the worst energy security threat caused by the Middle East crisis.Other Asian markets also saw significant declines, with Singapore's main stock market, the Singapore Exchange (SGX), slipping 0.8%, and Malaysia's benchmark index falling 1%. Markets in Indonesia and Taiwan declined by about 1% and 1.4%, respectively. Stocks in China and Hong Kong also fell, with the benchmark Shanghai Composite index dropping 0.53% and China's blue-chip CSI300 Index losing 0.74%.

Iran launched a new barrage of missiles at Israel following President Donald Trump’s televised claim that Washington had "destroyed the Iranian military" and was on the brink of completing its war objectives. Trump’s address, delivered hours after he asserted that Tehran had requested a ceasefire—a claim Tehran promptly denied—also featured a pledge to "finish the job" and a statement that the core strategic goals of the United States were "nearing completion." Iranian President Masoud Pezeshkian emphasized that Iran holds no hostility toward the peoples of the United States, Europe or neighboring states, while urging the American public to question the motives behind the continued conflict. In Tehran, the war has intensified: US‑Israeli air campaigns continue to cause casualties and infrastructure damage, and Iranian forces persist with missile and drone counter‑attacks. Foreign Minister Abbas Araghchi warned that, despite receiving messages from Washington, "trust remains at zero" for any negotiation. Senior political figure Kamal Kharazi, a former foreign minister, was seriously wounded when a strike hit his home in Tehran, killing his wife. Kharazi had been involved in back‑channel talks through Pakistan aimed at reviving negotiations. In the Gulf, the United Arab Emirates reported intercepting incoming Iranian missiles and drones, and a tanker off Doha sustained damage from a projectile, though no casualties were reported. President Trump publicly thanked Gulf allies, pledging that the United States would not allow them to be harmed. Within the United States, analysts such as Trita Parsi of the Quincy Institute noted that Trump’s speech offered little new information, essentially summarising recent tweets and suggesting a lack of a clear operational plan. Israel’s military confirmed that its air‑defence systems were actively intercepting Iranian missiles, but the attack wounded 14 civilians, including an 11‑year‑old girl, near Tel Aviv. Israeli officials said the timeline outlined by Trump aligns with Prime Minister Benjamin Netanyahu’s assessment of the campaign. Regional spill‑over continued: an Israeli strike on Beirut killed a senior Hezbollah commander and at least seven civilians, while an air strike on Iraq’s Anbar province killed seven fighters and injured 13 at a military healthcare clinic. On the economic front, the World Bank expressed "extreme concern" about the conflict’s impact on inflation, employment and food security, and is consulting member states on emergency measures. Despite the turmoil, global equity markets rallied and oil prices fell after Trump’s optimistic remarks, indicating short‑term investor relief.

A team of FBI agents has arrived in Cuba to launch an independent investigation into a deadly shootout between local border patrol officers and a Florida-tagged speedboat. The incident occurred on February 25, when 10 Cuban nationals attempted to enter Cuba by speedboat, armed with nearly 13,000 rounds of ammunition, 13 rifles, and 11 pistols.The shootout resulted in the deaths of five people, with the others being wounded and taken into custody. The Cuban government has stated that the assailants were Cuban exiles who came from the US with the intent to sow chaos and attack military units.The US embassy in Havana announced the FBI agents' arrival, stating that the trip was part of a "thorough and independent investigation" into the incident. An embassy official said the US would verify Havana's version of events, adding that the US would make decisions based solely on US interest, US law, and the protection of US citizens.Tensions have been high between the two nations since January, when US President Donald Trump imposed a virtual oil blockade on the island. The incident has sparked concerns about the escalating tensions between the US and Cuba, with the FBI's investigation expected to shed more light on the circumstances surrounding the deadly shootout.

Thousands of Iranians assembled in Tehran for the funeral of senior IRGC naval commander Alireza Tangsiri, who was killed in an Israeli strike, vowing steadfast resistance even as the United States issued stark warnings.The ceremony took place on the 47th anniversary of the Islamic Republic, a milestone that marks the 1979 revolution that ended the centuries‑old monarchy.This year’s commemoration carries added weight as the capital endures relentless U.S.-Israeli bombardments that began on February 28."This war has lasted a month. No matter how long it takes, we will keep fighting," declared Moussa Nowruzi, a 57‑year‑old pensioner, adding, "We will resist until the end."Among the mourners, a young boy brandished a sign reading "Revenge", while massive Iranian flags fluttered as crowds filled Enghelab Square, the heart of the city named after the revolution.Chants of "God is greatest, Khamenei is the supreme leader" echoed through the square, and a man was seen sobbing in the arms of a woman dressed in black.Participants also honored relatives lost in the conflict, their faces displayed on placards, as Tangsiri’s coffin was carried slowly through the gathering.Tangsiri, one of the IRGC’s longest‑serving senior officers, was credited with orchestrating the closure of the Strait of Hormuz to vessels aligned with the United States and Israel during the ongoing war.Later that day, U.S. President Donald Trump addressed the nation on television, reiterating that the war was inevitable and that America intended to "finish the job" in Iran.Trump previously claimed that Iran’s president had sought a truce—a statement Tehran denied—and warned that bombardments would continue until the Hormuz waterway was "open, free, and clear."Funeral attendees dismissed the president’s threats. "We have heard Trump say things that even the American public finds confusing," said Homa Vosoogh, 36, adding, "His statements do not affect us."Government employee Mohammad Saleh Momeni echoed the sentiment, asserting that Trump "cannot translate his words into action" and reaffirming their loyalty to Iran’s leadership.While the United States and Israel initially framed their campaign as a push for regime change, Trump’s stance has since wavered.According to the report, air strikes have claimed the life of Supreme Leader Ayatollah Ali Khamenei, who led Iran for 36 years, yet the governing structure remains functional, retaining its missile and drone capabilities.Portraits of the late leader and his son Mojtaba Khamenei, who has yet to appear publicly, dominate public spaces throughout Tehran."They believe killing our commanders will weaken us, but it will not," Momeni asserted, describing the adversaries’ misconceptions.Despite a wave of anti‑government protests that peaked in January, a segment of the population continues to harbor hopes for political reform.

Iran launched a fresh wave of missiles toward Israel in what appears to be a direct response to U.S. President Donald Trump’s recent televised address. In that speech, Trump asserted that Washington had effectively destroyed the Iranian military and was on the brink of fulfilling its war goals in the region. The presidential remarks came just hours after Trump claimed that Iran had asked for a ceasefire. Tehran promptly denied the request, emphasizing that it had not sought any pause in hostilities. This escalation underscores the volatile dynamics of the Middle East, where diplomatic rhetoric from Washington can quickly translate into kinetic actions on the ground. The missile barrage not only heightens the risk of broader conflict between Iran and Israel but also places the United States in a precarious position, having publicly declared a near‑victory over Tehran while its ally faces direct attacks. Analysts note that Trump's statements may be aimed at bolstering domestic support by portraying a decisive end to a protracted regional struggle. However, the Iranian denial of a ceasefire request suggests that diplomatic channels remain strained, and the likelihood of further military exchanges is increasing. Regional observers warn that continued missile exchanges could destabilize already fragile peace efforts, potentially drawing in additional actors and complicating any forthcoming negotiations.

President Donald Trump has announced a new policy threatening to impose 100% tariffs on US pharmaceutical companies that do not agree to lower their drug prices. This move is part of his effort to address the high cost of prescription medications in the US.The tariffs will specifically target branded drugs and their active ingredients, while generic drugs, which account for over 90% of medicines sold in the US, will be exempt for at least one year. Additionally, certain specialty drugs, such as orphan, veterinary, and other specialty drugs, will be exempt if they are from countries with which the US has a trade deal or meet urgent public health needs.Drugmakers that enter into pricing agreements with the White House and onshore drug production will be exempt from the tariffs. Companies planning to increase their domestic manufacturing will face a 20% tariff that will escalate to 100% over four years.The policy has been met with criticism from industry groups, such as the Midsized Biotech Alliance of America (MBAA), which argues that it creates an "unfair two-tiered system" that benefits large companies with diversified portfolios.Trump has been under pressure to lower drug prices, with US patients often paying nearly triple what patients pay in other developed nations. The announcement comes as the White House faces pressure from consumers to address rising costs amid other tariff-related price increases and high gas prices triggered by geopolitical tensions.

Former Labour adviser Polly Billington – who served under Gordon Brown – has urged Prime Minister Keir Starmer to organise a global energy summit of the scale and urgency that marked the UK’s 2008 financial‑crisis intervention. She argues that the fallout from the US‑Israeli war on Iran is creating an energy shock “as big as the financial crash”, demanding a response of equal magnitude. Billington warned that the economic pain from soaring energy prices is “hurtling down the tracks”, threatening living standards and providing fertile ground for extremist politics. She stresses that the price surge will be neither temporary nor confined to a single region. While she praised the government’s initiative to bring together 35 nations to discuss reopening the Strait of Hormuz, Billington insists that a broader, coordinated effort is required to stabilise energy markets, protect supply chains, and accelerate the transition away from fossil fuels. “We could be bringing together allies to agree emergency cooperation to stabilise energy markets, protect supply chains, coordinate strategic reserves, and accelerate the global transition away from fossil fuels,” she told The Guardian. “Energy security is inseparable from global security; otherwise we face a ‘Hunger Games’ world of resource conflict, scarcity and coercion.” Her call comes amid growing unease among Labour MPs who fear the government is under‑reacting to the domestic impact of the war. Rising petrol prices, higher energy bills and inflation are already prompting concerns about electoral repercussions. At a recent press conference, the Prime Minister announced that the Treasury is drafting targeted support for households most affected by energy costs, should the conflict persist. Yet opposition parties are pushing divergent solutions: Reform UK and the Conservatives advocate increased domestic drilling, the Liberal Democrats propose a 10p fuel‑duty cut and VAT relief for electric‑vehicle charging, while the Greens call for universal energy‑bill support. The Scottish National Party demanded an emergency parliamentary recall, accusing the government of “sleepwalking into a crisis”. Billington argues that a true “war‑footing” approach must focus on reducing Britain’s reliance on fossil fuels. She praises the Treasury’s decision to avoid a blanket bailout, suggesting instead that households install plug‑in solar panels on balconies and gardens – likening them to Anderson shelters in the Second World War – to bolster collective resilience and lower bills. She adds that no policy option should be dismissed as “too radical”, urging the government to consider all measures that could cut exposure to gas and oil. Another Labour MP echoed the sentiment, stating that merely highlighting bill reductions is insufficient when headlines indicate that prices are set to rise sharply due to the Iran conflict. “I want to hear a concrete Labour plan,” he said. On Thursday, Liberal Democrat leader Ed Davey branded the rising fuel costs a “Trump‑Farage‑Badenoch tax”, calling for immediate action to mitigate the economic fallout of the war and keep Britain moving.