Hungarian PM-Elect Magyar says will not stop buying Russian Oil; hope EU lifts Russia sanctions once war ends

The newly-elected Hungarian PM's commitment to continue purchasing Russian oil, despite EU sanctions, underscores potential tensions within the bloc regarding energy dependency. If the EU were to lift sanctions after the war, it could lead to increased Russian energy supply, impacting commodity prices, especially in WTI and gold, and potentially influencing forex dynamics like EUR/USD and USD/JPY. Traders should monitor how this sentiment might shift overall market expectations around energy prices and geopolitical stability.