Here's your morning brief for Monday, April 13th. I'm Daniel Bach for the Wall Street Journal.

President Trump is threatening to blockade the Strait of Hormuz, setting up a new showdown with Iran.

The blockade, which would come into effect at 10 a.m. this morning, comes after peace talk stalled between Washington and Tehran over the weekend.

In response, Iran's armed forces said that no port in the Persian Gulf or the Sea of Oman would be safe if the blockade

is enforced. Now, less than a week into the ceasefire, Trump is also reportedly considering

limited strikes on Iran, saying its water and electric plants would be, quote, easy to hit.

Hungary's Prime Minister Viktor Orbán suffered a landslide defeat in yesterday's national election,

ending 16 years in power. Orban had been a standard bearer for right-wing populism and was

endorsed by President Trump. The main opposition party, led by former Orban ally, Pater Majjar, has won almost a two-thirds majority in Parliament,

one of the biggest winning margins since the end of communism in 1989.

He said Hungary would once again be a strong ally of the European Union.

And McDonald's is set to launch a range of new energy drinks and specialty

sodas next month. That includes drinks named Red Bull Dragonberry Energizer, Mango, Pineapple

Refresher, and Dirty Dr. Pepper. According to documents viewed by the journal, the fast food

chain expects the new drinks to deliver high profit margins for franchisees and to sell them

at prices below competitors, including Sonic, Starbucks, and Dutch bros. Asian stocks ended the day

mostly lower. European stocks are also down in midday trading, and U.S. stock futures are pointing

to a lower open ahead of earnings from Goldman Sachs. And we have a lot more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.