Oil, Gas Surge as Trump Orders Hormuz Blockade & Hungary’s Orbán Ousted| Daybreak Europe 4/13/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, oil and gas surge after President Trump ordered a blockade of the Strait of Hormuz after the breakdown of talks with Iran at the weekend. The US intends to stop maritime traffic entering and leaving Iranian ports from 10am NY, 3pm London time on Monday. Iran says it "won’t allow" the blockade to go ahead.

The Hungarian forint surged to a four-year high following a landslide election victory for the opposition. Péter Magyar’s win ends Viktor Orbán’s 16 years in power. Analysts expect it to unblock Hungary’s access to EU financing and low-interest loans, providing stimulus for the Hungarian economy.

Chapters:
00:00:00 – Daybreak Europe – 4/13/2026
00:03:29 – Trump Vows To Block Hormuz
00:08:37 – Asia Market Check
00:11:02 – Magyar Wins Hungary Election
00:14:18 – Hungarian Election Market Reaction
00:18:48 – Lebanon, Israel Expected To Hold Talks Tuesday
00:21:55 – Preview: Shell CEO on Competitive Strengths
00:26:07 – Front Page News
00:27:49 – Oil Volatility Remains Below Recent Peak
00:33:06 – Peace Talks Failure Weigh on Risk Assets
00:39:57 – Other Top Stories: Ireland / Spain / Peru
00:41:28 – Wall Street Banks Kick Off Earnings Season
00:45:38 – Chart Talk
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