Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) US President Donald Trump’s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risked widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around the globe.

(2) Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, heightening tensions with Iran following the collapse of weekend peace talks.

(3) The UK will not take part in the proposed US blockade of the Strait of Hormuz, setting up yet another point of contention between President Donald Trump and Prime Minister Keir Starmer over the conflict in Iran.

(4) Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Donald Trump.

(5) Hungary’s forint surged to a four-year high after Prime Minister Viktor Orban conceded defeat in Sunday’s election, with the pro-European opposition’s victory expected to help unlock billions of euros in European Union funding.

Podcast Conversation: Iran Talks Show Limits of Pakistan Peace Push: Karishma Vaswani

Your morning briefing. All the news you need to start your day. On today's podcast: (1) US President Donald Trump&rsquo;s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risked widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around the globe. (2) Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, heightening tensions with Iran following the collapse of weekend peace talks. (3) The UK will not take part in the proposed US blockade of the Strait of Hormuz, setting up yet another point of contention between President Donald Trump and Prime Minister Keir Starmer over the conflict in Iran. (4) Peter Magyar, Hungary&rsquo;s next prime minister, outlined sweeping changes after ending Viktor Orban&rsquo;s 16-year rule in a landslide election victory that will redefine the country&rsquo;s ties with the European Union, Russia and the US administration of President Donald Trump. (5) Hungary&rsquo;s forint surged to a four-year high after Prime Minister Viktor Orban conceded defeat in Sunday&rsquo;s election, with the pro-European opposition&rsquo;s victory expected to help unlock billions of euros in European Union funding. Podcast Conversation: <a href="https://www.bloomberg.com/opinion/articles/2026-04-13/failed-iran-us-talks-show-limits-of-pakistan-s-peace-push" data-destination="https://www.bloomberg.com/opinion/articles/2026-04-13/failed-iran-us-talks-show-limits-of-pakistan-s-peace-push">Iran Talks Show Limits of Pakistan Peace Push: Karishma Vaswani</a>

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.

Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.

Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg’s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.

Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe is the essential way to start your morning informed and ahead.

Bloomberg Daybreak Europe is the daily morning podcast that helps you understand the stories shaping Europe and the world before the day gets going.
Produced in the early hours each weekday, the show delivers fresh reporting, sharp analysis and clear context on politics, business and global markets by 7am London time. From decisions made in Brussels and London to developments across the global economy, Daybreak Europe connects the dots between power, policy and money.
Hosted by Stephen Carroll in Brussels and Caroline Hepker in London, and powered by Bloomberg&rsquo;s global network of more than 3,000 journalists and analysts, the podcast goes beyond headlines to explain what is changing, why it matters and what could come next.
Trusted by professionals, business leaders and investors, but made for anyone curious about how economics and politics shape everyday life, Bloomberg Daybreak Europe&nbsp;is the essential way to start your morning informed and ahead.

Bloomberg Daybreak: Europe Edition

 Trump Blockades Iran, Hungary Rejects Orban, The UK's Lost Year

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0a68f5ea-32c5-4560-a665-b42b005c66e9/transcript