In today’s newsletter: Orbán concedes defeat after 16 years in power, ushering in a new era for Hungary’s relations with the EU, US and Russia

Good morning. The people of Hungary are waking up in an unfamiliar political landscape – one in which Viktor Orbán, who has served as prime minister since 2010, is stepping aside after defeat to Péter Magyar, whose Tisza party has won an election likely to reshape the country’s ties with the EU, the US and Russia.

Less than three hours after polls closed on Sunday, Orbán conceded defeat after what he described as a “painful but unambiguous” result. Magyar, who has pledged to repair Hungary’s strained relationship with the EU, crack down on corruption and channel funds towards long-neglected public services, said Tisza voters had rewritten Hungarian history and that “truth prevailed over lies”.

Middle East | Donald Trump has said the US will begin blockading the strait of Hormuz in an attempt to take control of the strategic waterway from Iran in the aftermath of failed peace negotiations.

Carers | Thousands of unpaid carers will continue to be hit with hefty and potentially unfair benefit repayment demands, as a government initiative gets under way to fix welfare injustices that have drawn comparison to the Post Office scandal

UK news | The Home Office is to announce the closure of 11 asylum hotels this week as part of its pledge to close all such facilities by the end of this parliament.

Ireland | Police have cleared a blockade of central Dublin by farmers and hauliers who were protesting about fuel prices, signalling a possible end to six days of protests that have rocked Ireland.

UK politics | Ministers are planning to reshape Britain’s relationship with the European Union, with new legislation that could result in the UK signing up to EU single market rules without a normal parliamentary vote.