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

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

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.

Published on Monday, 13th April 2026.

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