Crude oil prices increased sharply due to escalating concerns regarding a potential US blockade of the Strait of Hormuz. The article also touches upon the economic future of Hungary, promising reforms to combat corruption.

US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Iran exported around 1.85 million barrels of crude per day through the strait. Meanwhile, Hungarians are eyeing a new economic future as Peter Magyar promises reforms to tackle corruption.