US President Trump says Chinese President Xi committed not to give Iran military equipment but said China will keep purchasing Iranian oil (something Sec. Bessent and others have long pressed Beijing to stop doing, through both rhetoric and sanctions).

President Trump's statement on President Xi's commitment to not providing military equipment to Iran, while allowing China to continue purchasing Iranian oil, signals ongoing complexities in US-China relations and the broader geopolitical landscape.

Newsquawk StaffPublished 14 May 2026, 15:39 UTCOn the live feed at 15:19 UTC — 5 more headlines followed before this page went public

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15:30

European Closes: Euro Stoxx 50 +1.12% at 5,927, Dax 40 +1.31% at 24,453, FTSE 100 +0.46% at 10,373, CAC 40 +0.93% at 8,082, FTSE MIB +1.15% at 50,050, IBEX 35 +0.87% at 17,809, PSI +0.57% at 9,124, SMI +0.71% at 13,213, AEX +1.13% at 1,022

15:30

Newsquawk Daily US Conference Calendar - 15th May 2026: APD

15:19

US President Trump says Chinese President Xi committed not to give Iran military equipment but said China will keep purchasing Iranian oil (something Sec. Bessent and others have long pressed Beijing to stop doing, through both rhetoric and sanctions).

15:17

BoE's Pill says disinflation had stalled prior to the Iran conflict; concerned second round effects may be stronger and should be focusing on tackling those second round effects

15:10

Ryanair (RYA) CEO reports booking volumes are slightly ahead of last year, with fares expected to increase by 1-2% for June, July, and August.

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Context

This could impact energy markets as continued Chinese oil purchases may keep pressure on global supply and prices, while also challenging US sanctions effectiveness. Traders should closely monitor how this affects oil prices and investor sentiment, particularly in commodities and Forex markets.

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