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Monday, April 13, 2026
TopicBloomberg wire

Topic: Bloomberg wire

Hungary’s next PM Peter Magyar calls for sweeping changes after Orban

Magyar, in his victory speech, called for resignations of his nation’s top brass for having put Orban’s authoritarian system above their office’s responsibilities.

Aluminum jumps to 4-yr high as Trump’s Iran port blockade threat puts 9% global supply at risk

The lightweight metal rose as much as 2% on the London Metal Exchange, reigniting a rally driven by supply shortages stemming from the war in the Middle East.

Three tankers attempt to transit Hormuz after US flags blockade

The restrictions, which apply to all vessels entering or departing Iranian ports or coastal areas, will kick in at 10 am New York time Monday.

Asian LNG prices set to rise as US plans Iranian ports blockade

Prolonged disruptions to Strait of Hormuz could lift Asian spot prices above $19 per million British thermal units, traders said, though that would be lower than a wartime high of $25.

Fuel protests in Ireland disrupt roads despite government’s new energy support package

Apart from country-wide disruption to roads, the demonstrations almost resulted in a scarcity of fuel as protesters blocked Ireland’s only oil refinery.

Why Trump has threatened a blockade of Iran ports & what are the risks of such a move

US military to block all maritime traffic to/from Iranian ports from 10 am ET Monday, while allowing vessels not bound for Iran to transit the Strait of Hormuz.

India ramps up Russian oil buys as Gulf supplies tighten

Imports from Russia averaged 1.98 million barrels a day in March, the highest since June 2023, according to data from intelligence firm Kpler.

India’s urea output set to normalise as gas supplies recover

Production, hit by West Asia-linked gas disruptions, fell by 800,000 tonnes in March. Flows are now at 95 percent ahead of key monsoon sowing season.

US officials flag new AI cyber risks in closed-door Wall Street meet

Anthropic’s powerful ‘Mythos’ model can uncover hidden software vulnerabilities, raising fears of misuse by hackers and states.

Fuel shock hits Asia’s rice bowl as farmers cut planting

War-driven surge in fuel and fertilizer costs forces farmers across Southeast Asia to delay harvests, scale back sowing and risk lower output.

On Camera

India needs nuclear to meet its energy ambitions. Thorium is the answer

An important scientific achievement for India in the past week was the ‘going critical’ of India’s indigenously designed nuclear reactor in Kalpakkam.

Fuel shock hits Asia’s rice bowl as farmers cut planting

War-driven surge in fuel and fertilizer costs forces farmers across Southeast Asia to delay harvests, scale back sowing and risk lower output.

IAF ties up with GE to build own facility for repair, overhaul of Tejas engines with quicker turnaround

Depot facility to be owned, operated & maintained by IAF, with GE Aerospace providing technical inputs, training, support staff & supply of necessary spares & specialised equipment.

The world’s in a flux. India must reform, consolidate & build a strong economy

We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.