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.
Hezbollah says it targeted a Merkava tank with a guided missile in Tel Nahas on the outskirts of the town of Kafr Kila and achieved a confirmed hit, according to Al Jazeera
Israeli raid was reported on the town of Arnoun in the district of Nabatieh in southern Lebanon, according to Al Jazeera
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
Newsquawk Daily Asia-Pac Opening News - 14th May 2026
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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