US Military Launches Blockade of Iranian Ports; Viktor Orban Concedes Defeat in Hungarian Election

U.S. Central Command has announced a U.S. blockade of ships entering or exiting Iranian Ports beginning April 13. Oil prices jumped back above $100 a barrel on the news. President Donald Trump said the price of oil and gasoline could remain high through November's midterm elections.

Hungarian Prime Minister Viktor Orban conceded defeat on April 12 in the national election, ending his 16 years in office. His election loss marks a dramatic shift in Hungary’s political direction after four terms in office.