US Secretary of State Rubio says US hopes to convince China to play a more active role in persuading Iran to back down on its actions in the Gulf, according to Reuters

The remarks by Secretary of State Rubio highlight an effort by the US to leverage China's influence in mitigating tensions with Iran in the Gulf.

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US Secretary of State Rubio says US hopes to convince China to play a more active role in persuading Iran to back down on its actions in the Gulf, according to Reuters

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Fed's Collins (2028 voter) says watching the extent to which tariffs continue to pass through the price chain and Fed may need to raise rates if inflation pressures broaden in coming months, according to WSJ

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This could have implications for oil prices, particularly WTI, if a successful diplomatic approach leads to reduced risks in the region. Traders should watch for responses in energy markets and any shifts in sentiment related to geopolitical stability.

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