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The oil market initially treated the closure of the Strait of Hormuz as a crisis that economic self-interest would contain. But the Houthi threat to shipping in the Red Sea changed that calculation: with two strategic chokepoints now at risk, markets could no longer assume that disruption would remain limited.

President Tamás Sulyok has signed the Seventeenth Amendment, but whether it strengthens Hungarian democracy will depend on what happens next.

In a video commentary published by The Daily Signal, Victor Davis Hanson argues that the approaching US midterm elections are pushing Donald Trump towards a final military offensive against Iran—and a plan to transfer responsibility for keeping the Strait of Hormuz open to America’s allies.

Europe has no shortage of talent, wealth, or history. Yet despite its immense advantages, the continent is losing economic and geopolitical momentum. Why?

Only weeks after the United States and Iran announced an interim agreement and the Strait of Hormuz reopened, the conflict has returned. However, the Strait has not been formally closed again, yet there is more in the background.

As the new government of Hungary seeks to place the country’s economy to a new path, three structural challenges are likely to shape the year ahead.

The Society of Saint Pius X (SSPX), consecrated four new bishops on 1 July at its headquarters in Écône, Switzerland, despite appeals from Pope Leo XIV not to proceed.

The implementation of Hungary's EU reform package marks a decisive step towards restoring access to frozen European funding and redefining the country's governance framework.

Global oil prices have retreated to levels seen before the recent US and Israeli strikes on Iran, offering temporary relief to global energy markets despite continued geopolitical uncertainty.

Hungary's energy system appears stable, but stability should not be mistaken for security. Behind that stability lie three strategic vulnerabilities that will shape the country's energy future far more than today's headlines.

Keir Starmer's resignation is not only the story of one prime minister's failure—it is another sign that British politics is struggling with deeper structural challenges.

Why This Matters: Any disruption in the Strait of Hormuz could lead to higher fuel and energy prices, increase the cost of everyday goods through inflation, strain NATO unity, distract the West from other global challenges such as China, and ultimately affect the economy and security of ordinary people around the world.

Bill Clinton’s political strategist James Carville once said that if there was such a thing as reincarnation, he wouldn’t come back as the president or the pope, but as the international bond market, because it is the most powerful force in the world.

The ceasefire between the United States and Iran has brought an end—at least temporarily—to one of the most dangerous confrontations the Middle East has witnessed in decades.

The Hungarian Parliament has approved a constitutional amendment limiting any individual to a maximum of eight years as prime minister.

Eastern Europe's competing energy strategies reveal that in the end, geography—not politics—will shape the region's energy security.

The election of the TISZA Party has brought a new political style to the Hungarian stage. While many of the country's political debates continue to revolve around familiar issues, Prime Minister Péter Magyar has introduced a different approach to political communication that - based on the polls - is particularly effective.

The European energy market is gradually settling into a new reality. Gas storage levels across Eastern Europe continue to improve, cross-border bottlenecks are easing, and the continent has largely adapted to reduced Russian gas supplies. Yet this adaptation has come at a cost. Greater security has become a permanent component of energy pricing, while uncertainty surrounding fuel and gas supply has gradually become embedded in the market itself.

The new Hungarian government has launched a diplomatic effort to reset relations with Ukraine shortly after taking office. The move signals a broader attempt to improve ties with Hungary's neighbours following years of regional tensions.

After multiple warnings from Prime Minister Peter Magyar, Hungarian President Tamás Sulyok has refused to resign, allowing the deadline offered to him to pass. Magyar has told the press that the Tisza party will change the constitution to remove the president, while staying in line with the principles of the rule of law.