Oil prices may have decreased, but with hundreds of millions of barrels having been taken off the market due to the Iran War, true relief is not quite on the horizon yet—even with a ceasefire in the region. The Schork Group’s Co-Founder & Editor Stephen Schork joins Christina Ruffini and Tim Stenovec on Bloomberg This Weekend to discuss. Watch the show LIVE every Saturday and Sunday morning.
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Retired Lt. General Karen Gibson and former US Central Command director of intelligence, says President Donald Trump’s blockade of the Strait of Hormuz is a “bold move.” She says this could force Iran to make additional concessions to the US during peace talks.
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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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US President Donald Trump promising a full naval blockade of the Strait of Hormuz beginning Monday, piling fresh pressure on a shaky ceasefire after weekend talks failed to reach a longer-lasting deal. Also on the show: oil and gas surge as Trump’s new threat injects additional risk into global energy markets; Hungary’s next prime minister, Peter Magyar, outlines sweeping changes after ending Viktor Orban’s 16-year rule; Dubai’s property market is showing signs of cooling. Guests include: Niamh McBurney, Control Risks, Head of Analysis for the Middle East and North Africa; Haig Bathgate, Callanish Capital, CEO; Joe Issa El-Khoury, Lebanon’s Industry Minister; Andrew Cummings, Savills Middle East, Head of Residential Agency.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:05:52 – Trump vows to blockade Hormuz as peace talks fail
00:11:57 – Niamh McBurney, Control Risks, Head of Analysis for the Middle East and North Africa
00:17:47 – Haig Bathgate, Callanish Capital, CEO
00:31:54 – Joe Issa El-Khoury, Lebanon’s Industry Minister
00:40:53 – Andrew Cummings, Savills Middle East, Head of Residential Agency
00:47:05 – Hungarians sweep away Orban in seismic vote
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The Trump administration is said to be considering a deal to unfreeze $20 billion in Iranian assets in exchange for Iran’s uranium …

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