Every year, dozens of heads of state and hundreds of diplomats descend on Munich, Germany to discuss the most pressing global security concerns. This week, we bring you a full episode from the Munich Security Conference, where conversations ran the gamut, from coronavirus to tensions in Kashmir. And later in the show, Puppet Regime provides some helpful German lessons.

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After 16 years in power, Hungary’s Viktor Orbán has been decisively voted out, losing in a landslide to challenger Péter Magyar. But this wasn’t a shift to the left. In Quick Take, Ian Bremmer breaks down what Orbán’s defeat means for Hungary, Europe, and global politics.

The amount of time European airports have before facing jet fuel shortages if the Strait of Hormuz is not fully reopened.
Natalie Johnson

The ACI Europe, a regional airport trade group, is warning EU leaders that airports could soon face “systemic” jet fuel shortages while Iran maintains its grip over the Strait of Hormuz.