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An electronic board displays the exchange rate of the Japanese yen against the U.S. dollar in Minato Ward, Tokyo on August 3, 2026.
What We're Watching

US helps out Japan with currency, Record heat in Europe gets nuclear, Iran war déjà vu

Japan and the United States confirmed today they jointly intervened to prop up the Japanese yen, the first such action since 2011.

​Crude oil tanker Odessa, carrying UAE crude after passing through the Strait of Hormuz with its Automatic Identification System transponder turned off, navigates the waters at Daesan port, in Seosan, South Korea, May 8, 2026.
What We're Watching

The memorandum of misunderstanding over Hormuz, Magyar’s Orbán-era purge, China's anti-graft drive

The US and Iran exchanged missiles again overnight. The two countries are at odds over whether Tehran can impose tolls on ships that pass through the Strait of Hormuz.

Israeli PM Benjamin Netanyahu at a news conference
What We're Watching

Netanyahu’s re-election chances may worsen, Hungary’s Orbán can’t return to office, China gives boost to Myanmar’s leader

Israeli PM Netanyahu was already struggling in polls ahead of elections later this year, but his situation might get worse after Washington and Tehran agreed to a deal (pending its signing on Friday). Why the issue with ending the war?

US President Donald Trump speaks during a state dinner at the White House in Washington, D.C., USA, on April 28, 2026.​
What We're Watching

US readying for extended Hormuz blockade, Philippine VP’s impeachment case advances, Hungary’s Magyar comes to Brussels

US President Donald Trump reportedly told his aides to prepare for a longer blockade of Iranian-linked ships passing through the Strait of Hormuz. But it’s not clear how long such a blockade could last – for either country.

​A view of Iranian-flagged cargo ship Touska from USS Spruance (DDG 111) in a location given as the north Arabian Sea, in this screen capture from a video released on April 19, 2026.
What We're Watching

US expands its blockade, Argentina’s Milei seeks electoral reforms, EU finally greenlights massive loan to Ukraine

The US Navy isn’t just intercepting Iranian-linked ships outside the Strait of Hormuz. It’s redirecting Iranian-linked ships in Asian waters, too.

​Hungarian Prime Minister Viktor Orban, Leader of the Dutch Party for Freedom Geert Wilders, French far-right leader Marine Le Pen, and Italy's deputy Prime Minister and Minister of Infrastructure and Transport Matteo Salvini in Budapest, Hungary, on March 23, 2026.
Analysis

Has far-right populism peaked in Europe?

Viktor Orbán’s defeat in Sunday’s Hungarian election could be a tipping point on the continent.

Hungary’s Orbán concedes election defeat
Quick Take

Hungary’s Orbán concedes election defeat

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.

Tisza leader ​Peter Magyar delivers a speech in Budapest, Hungary, on April 12, 2026, after Hungarians vote in a general election.
What We're Watching

Hungary’s Orbán ousted from power, Pope heads to Africa amid Trump spat, Iran war looms over DC bank meetings

How Viktor Orbán went from pro-democratic dissident to authoritarian strongman
GZERO World Clips

How Viktor Orbán went from pro-democratic dissident to authoritarian strongman

Ivan Krastev traces the unlikely arc of Viktor Orbán, from liberal dissident to illiberal nationalist, and explains why he's closer to Putin than Trump.

What a Viktor Orbán loss would mean for Trump
GZERO World with Ian Bremmer

What a Viktor Orbán loss would mean for Trump

Political scientist Ivan Krastev joins Ian Bremmer to explain why the Hungarian election on April 12th may be the most consequential vote in Europe this year, and what an Orbán loss would mean for Trump, Putin, and the global far right.