News imageWorld Business Report, Trump’s shipping blockade, the Philippines’ tax breaks, and Hungary’s political shakeup

World Business Report

Trump’s shipping blockade, the Philippines’ tax breaks, and Hungary’s political shakeup

13 April 2026

26 minutes

Available for 29 days

As President Trump blocks ships travelling to and from Iran through the Strait of Hormuz, how will this affect Iranian oil exports?

The Philippines has suspended taxes on paraffin and cooking gas to help keep food prices low; we hear from a chef who tells us how this will impact his restaurant business.

With Victor Orban ousted, what does the future hold for Hungary under newly-elected Peter Magyar’s leadership?

And, Bollywood icon, Asha Bhosle has died leaving behind an over $20 million empire of restaurants and music royalties.