Hungary is set to finalize a deal to purchase US oil during Vice President JD Vance’s visit to Budapest on Tuesday, days before a pivotal general election, according to a source. Energy firm Mol Nyrt. will buy 500,000 tons for about $500 million. The deal, to be announced with Prime Minister Viktor Orban, comes as Vance seeks to support Orban ahead of a closely contested vote.

2026-04-07

Hungary is set to finalize a deal to purchase US oil during Vice President JD Vance’s visit to Budapest on Tuesday, days before a pivotal general election, according to a source. Energy firm Mol Nyrt. will buy 500,000 tons for about $500 million. The deal, to be announced with Prime Minister Viktor Orban, comes as Vance seeks to support Orban ahead of a closely contested vote.