Hungarian Conservative

‘In the end, the USD’s centrality to the system of global payments also increases the power of sanctions it imposes on other countries or individuals. In truth, since almost all trade is done in American dollars, even trade among other countries, they can always be subject to US sanctions because they are handled by so-called correspondent banks with accounts at the Federal Reserve. By cutting off the ability to transact in USD, Washington can make it uncomfortable for those it blacklists to do business.’

The Houthi movement of Yemen has recently declared its support for Hamas in the Gaza conflict. What connects the Houthis, Hezbollah and Hamas is their backing by Iran.

On 7 October, the terrorist group Hamas commenced the largest and bloodiest attack against Israel since the Yom Kippur War. In many ways, the aggression echoes not only the 1973 war, but also the al-Qaeda terrorist attacks on the US as well.

The Foreign Minister pointed out that the higher the risk of terrorism, the greater the chance of increased migration pressure on Europe, adding that Hungary is now among the first to face waves of migration, as the Western Balkan route has become primary. ‘Therefore, combating terrorism is a key issue for Hungary,’ he stated.

The meeting with the Saudis was, as per the title of Karen Elliot House’s The Wall Street Journal article: ‘worse than an embarrassment’.