Explore

JD Vance travels to Hungary days before election, hoping to boost Orbán's campaign

JD Vance travels to Hungary days before election, hoping to boost Orbán's campaign

Vice President JD Vance is visiting Hungary's capital Tuesday to support Prime Minister Viktor Orbán's campaign only days before a pivotal election

Vance arrives in Hungary hoping to boost Orbán's election campaign

Vance arrives in Hungary hoping to boost Orbán's election campaign

U.S. Vice President JD Vance is in Hungary to support Prime Minister Viktor Orbán's campaign ahead of a pivotal election

JD Vance arrives in Hungary days before election, hoping to boost Orbán's campaign

JD Vance arrives in Hungary days before election, hoping to boost Orbán's campaign

Vice President JD Vance is visiting Hungary's capital to support Prime Minister Viktor Orbán's campaign only days before a pivotal election

Vice President Vance visits Hungary to boost Orban ahead of pivotal election

Vice President Vance visits Hungary to boost Orban ahead of pivotal election

By Humeyra Pamuk WASHINGTON, April 7 (Reuters) - U.S. Vice President JD Vance will travel to Hungary on Tuesday on a mission to boost the electoral campaign of the country's nationalist Prime Minister Viktor Orban, who faces the toughest re-election bid of his political career.

NATO Faces Resistance from European Allies Over President Trump's Iran Strategy

NATO Faces Resistance from European Allies Over President Trump's Iran Strategy

NATO is experiencing internal tensions as European allies resist President Trump's push for involvement in the Iran conflict. The situation has been exacerbated by Trump's threats to withdraw from NATO, which have not been met with the usual appeasement from European nations. Instead, countries like France, Spain, and Italy are refusing to allow U.S. military aircraft to use their bases for the conflict. This resistance is partly due to the ongoing war in Ukraine, which has already strained resources and heightened concerns over energy prices. European leaders, including French President Emmanuel Macron, have criticized the U.S. for acting unilaterally in the Middle East, suggesting that the U.S. is seeking a bailout from its allies.

Oil prices rise as US stocks dip ahead of Trump's deadline for Iran

Oil prices rise as US stocks dip ahead of Trump's deadline for Iran

Oil prices are rising, and U.S. stocks are falling, but the moves are not as dramatic as the dire talk coming from both sides in the war with Iran

US markets fall and oil prices jump again as Trump's deadline for Iran to reopen oil route nears

US markets fall and oil prices jump again as Trump's deadline for Iran to reopen oil route nears

Wall Street slid toward losses and oil prices jumped to their highest level in nearly four years as the U.S.’s deadline for Iran to reopen a crucial waterway to shipping traffic crept closer

EU Finance Ministers Advocate for Windfall Tax on Energy Firms Amid Price Surge

EU Finance Ministers Advocate for Windfall Tax on Energy Firms Amid Price Surge

Five European Union countries, including Germany, Italy, Spain, Portugal, and Austria, have called for a windfall tax on energy companies' profits due to rising fuel prices linked to the ongoing conflict involving Iran. The finance ministers addressed a letter to the EU Commission, urging the development of an EU-wide tax to fund consumer relief and curb inflation without burdening public budgets. This proposal comes as oil and gas prices have surged following U.S.-Israeli strikes on Iran, reminiscent of the energy crisis experienced after Russia's invasion of Ukraine in 2022. The EU Commission is currently assessing the proposal, which aims to address market distortions and fiscal constraints.

Hungary's Orbán has long annoyed the European Union. Now some hope he faces defeat

Hungary's Orbán has long annoyed the European Union. Now some hope he faces defeat

Hungary's upcoming election has significant implications for the European Union

European Ministers Propose Profit Caps on Energy Firms Amid Iran Conflict

European Ministers Propose Profit Caps on Energy Firms Amid Iran Conflict

Finance ministers from Spain, Germany, Italy, Portugal, and Austria have called on the European Union to implement a windfall tax on energy companies. This proposal comes in response to rising oil and gas prices due to the ongoing conflict in Iran, which has disrupted global energy markets. The ministers argue that the increased prices are causing inflation and economic strain on European households. They suggest that a tax on excess profits would help distribute the financial burden more equitably. The EU had previously imposed similar measures during the energy market turmoil following Russia's invasion of Ukraine.

Explosives found near pipeline in Serbia that carries Russian gas, leaders say

Explosives found near pipeline in Serbia that carries Russian gas, leaders say

By Krisztina Than and Ivana Sekularac BUDAPEST/BELGRADE, April 5 (Reuters) - Powerful explosives were found near a pipeline in Serbia that carries Russian gas to Hungary, the leaders of the two countries said on Sunday, prompting political scrutiny in Hungary at a sensitive time days before a

Slovakia PM Urges EU to Lift Sanctions on Russian Energy Amid Iran Conflict

Slovakia PM Urges EU to Lift Sanctions on Russian Energy Amid Iran Conflict

Slovakia's Prime Minister Robert Fico has called on the European Union to lift sanctions on Russian oil and gas imports to address the energy crisis exacerbated by the ongoing conflict in Iran. Fico, after discussions with Hungarian Prime Minister Viktor Orbán, emphasized the need for the EU to renew dialogue with Russia to secure energy supplies. The war in Iran, initiated by the US and Israel, has led to significant disruptions in oil shipments from the Gulf, causing a surge in oil prices. Slovakia and Hungary remain outliers within the EU for maintaining relations with Moscow, advocating for a pragmatic approach to energy security.