Oil, Gas Surge as Trump Orders Hormuz Blockade & Hungary's Orbán Ousted| Daybreak Europe 4/13/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, oil and gas surge after President Trump ordered a blockade of the Strait of Hormuz after the breakdown of talks with Iran at the weekend. The US intends to stop maritime traffic entering and leaving Iranian ports from 10am NY, 3pm London time on Monday. Iran says it "won't allow" the blockade to go ahead. The Hungarian forint surged to a four-year high following a landslide election victory for the opposition. Péter Magyar's win ends Viktor Orbán's 16 years in power. Analysts expect it to unblock Hungary's access to EU financing and low-interest loans, providing stimulus for the Hungarian economy. (Source: Bloomberg)