Breaking 16:50 Tungsten prices surge 557 percent as China tightens export controls 16:30 BBC urges U.S. court to dismiss Trump’s $10 billion defamation lawsuit 16:20 Currency volatility hits eight month high as Iran conflict shakes markets 16:10 Oil prices top 100 dollars after drone strike on Fujairah port 15:50 Ship traffic in Strait of Hormuz drops to zero amid Iran conflict 15:47 One battle after another wins best picture at 98th Academy Awards 15:40 Salesforce launches record 25 billion dollar share buyback 15:20 Oil prices exceed 100 dollars as Strait of Hormuz crisis deepens 14:50 Iran strikes Gulf states as Strait of Hormuz crisis deepens 14:45 Encyclopedia Britannica sues OpenAI over AI training practices 14:20 UN climate chief warns fossil fuel dependence threatens Europe’s security 14:17 US Treasury Secretary Bessent calls talks with China in Paris constructive 13:50 JPMorgan warns oil above $90 could trigger S&P 500 correction 13:20 Asian markets fall as oil holds above $100 amid Iran war 12:50 Coinbase signals bitcoin may have passed peak pessimism in market sentiment 12:20 Allies press Trump for war strategy as Iran conflict enters third week 10:40 Tony-winning British actress Jane Lapotaire dies aged 81 10:20 Reuters investigation identifies Banksy as Bristol native Robin Gunningham 09:50 Peter Thiel lectures in Rome draw criticism from Vatican advisers 09:20 Japan begins releasing oil reserves in largest IEA stockpile draw 08:50 Hormuz blockade exposes fragile foundations of global semiconductor supply chain

Hungary blocks EU statement on US capture of Maduro

Tuesday 06 January 2026 - 13:20
Hungary blocks EU statement on US capture of Maduro

Hungary refused to join the European Union's other 26 member states in signing a statement calling for calm and respect for international law following the US military operation that captured Venezuelan President Nicolás Maduro, breaking even from its usual Central European allies.

Issued Sunday by EU foreign policy chief Kaja Kallas, the declaration urged "calm and restraint by all actors" and stressed that "principles of international law and the UN Charter must be respected at all times." The document drew support from every EU country except Hungary, including Slovak Prime Minister Robert Fico and Czech Prime Minister Andrej Babiš, who typically align with Hungarian Prime Minister Viktor Orban on contentious issues.

At a Monday press conference in Budapest, Orban offered a starkly different view, calling the US intervention "good news" for Hungary. "With Venezuela, the United States, in my estimation, will be able to control 40 to 50% of global oil reserves," Orban said. "That's a power already capable of significantly influencing world energy market prices... I see a strong chance that as a result of taking control of Venezuela, a more favorable global energy situation will emerge for Hungary."

Orban's upbeat assessment of the US operation contrasts sharply with the EU statement's focus on sovereignty and territorial integrity. The Hungarian leader, a close ally of President Donald Trump, has positioned his country to benefit from multiple energy sources. Trump exempted Hungary from US sanctions on Russian energy ahead of the country's 2026 election year, while Budapest pursues diversification.

In December, Hungary's state-owned MVM Group signed a five-year deal with Chevron for 2 billion cubic meters of liquefied natural gas, marking the entry of the first US gas into Hungary's energy mix. The timing of this agreement, weeks before the Venezuela operation, underscores Hungary's strategy to secure supplies between Russian deliveries and potential US-controlled Venezuelan oil.

US special forces captured Maduro and his wife Cilia Flores in a dawn raid on January 3 in Caracas, codenamed Operation Absolute Resolve. Maduro now faces drug trafficking charges in New York. Trump stated Saturday that American oil companies would invest billions to restore Venezuela's oil infrastructure, declaring "we're going to have a presence in Venezuela with regard to oil."

While acknowledging Maduro "lacks the legitimacy of a democratically elected president," the EU statement emphasized counternarcotics efforts must occur "in full respect of international law and principles of territorial integrity and sovereignty." Hungary's refusal to sign sets it at odds with the bloc's unified diplomatic approach, even as the statement stopped short of explicitly condemning the US military action.


  • Fajr
  • Sunrise
  • Dhuhr
  • Asr
  • Maghrib
  • Isha

Read more

This website, walaw.press, uses cookies to provide you with a good browsing experience and to continuously improve our services. By continuing to browse this site, you agree to the use of these cookies.