US President Trump says Chinese President Xi has offered to help on Iran and that XI wants to see Hormuz open, Fox news reports; Xi said he will not give military equipment to Iran
This statement from President Trump could signal a potential easing of tensions regarding Iran, as Xi’s willingness to assist on the Hormuz Strait may stabilize energy markets.
Newsquawk Daily Economic Releases - 15th May 2026
Vitol is selling Iraqi oil outside the Strait of Hormuz, indicating that some ships are leaving the Strait
US President Trump says Chinese President Xi has offered to help on Iran and that XI wants to see Hormuz open, Fox news reports; Xi said he will not give military equipment to Iran
Saudi Arabia has reportedly told the US to end the war with Iran and open the Strait of Hormuz - UNCONFIRMED
Canadian PM Carney says does not view selling off Canada's ports as a top priority
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Given the strategic importance of this waterway for oil shipments, any move toward de-escalation can impact commodities, particularly crude prices, and risk sentiment across equities and currencies.
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