Europe

Iran oil price shock fuels Hungary's campaign against Russia sanctions

Editor's note: The story has been updated with the latest developments. The joint U.S.-Israel attack against Iran just gave Hungary fresh ammunition in its crusade against the EU sanctions on Russia. In the wake of Israeli attacks against Iranian oil facilities and the effective closure of the Strait of Hormuz, global oil prices briefly climbed above the $100‑per‑barrel mark for the first time since 2022. Hungary's leader Viktor Orban urged the EU on March 9 to lift sanctions on Russian energ