  We consider the effect of strong external electromagnetic fields on
thermodynamic observables in QCD, through lattice simulations with 1+1+1
flavors of staggered quarks at physical quark masses. Continuum extrapolated
results are presented for the light quark condensates and for their tensor
polarizations, as functions of the temperature and the magnetic field. We find
the light condensates to undergo inverse magnetic catalysis in the transition
region, in a manner that the transition temperature decreases with growing
magnetic field. We also compare the results to other approaches and lattice
simulations. Furthermore, we relate the tensor polarization to the spin part of
the magnetic susceptibility of the QCD vacuum, and show that this contribution
is diamagnetic.
