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Tensions rise as Trump threatens Iran with energy strikes | Midday Report

Hungary’s government is facing allegations of deep collusion with the Kremlin in the lead up to elections that could end Viktor Orbán’s 16 years in power. This, as conservative figures from across Europe flock to Budapest to offer their support.

The country’s foreign minister is alleged to have shared details of sensitive EU discussions with his counterpart in the Kremlin. Meanwhile, Russian intelligence services reportedly offered to set up a fake assassination attempt of Viktor Orbán.

Now, to the Middle East, where all sides of the conflict keep climbing the escalation ladder. U.S. President Donald Trump has extended his ultimatum for Iran to open the Strait of Hormuz or face crippling attacks on the country’s energy infrastructure. Trump said both sides were now talking. Iran has denied these claims. Now let’s go live to Beirut to our correspondent, Oz Katerji

Global markets experienced huge swings on Monday, as European shares surged after Donald Trump postponed strikes on energy targets in Iran, part of the U.S. president’s ultimatum towards Tehran. This followed huge drops through out Asia’s stock exchanges, while the ultimatum was still in force.

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