Washington-based diplomats reportedly fear China could offer to help reopen the Strait of Hormuz in exchange for US concessions on Taiwan, Politico sources say

This headline highlights a significant geopolitical maneuver, suggesting China may leverage its influence to reopen the Strait of Hormuz while seeking concessions from the US on Taiwan.

Newsquawk StaffPublished 11 May 2026, 10:38 UTCOn the live feed at 10:18 UTC — 6 more headlines followed before this page went public

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10:28

"Fars News Agency: Explosion destroys a house in Arak, which houses one of Iran's largest nuclear facilities, and investigations are ongoing", Al Hadath reports; Nour News reports it was a "residential house"

10:25

Circle Internet Group Inc. (CRCL) EPS 0.21 (exp. 0.19), Revenue 694mln (exp. 715mln), Adj. EBITDA 151mln (exp. 142.4mln)

10:18

Washington-based diplomats reportedly fear China could offer to help reopen the Strait of Hormuz in exchange for US concessions on Taiwan, Politico sources say

10:14

Times Swinford posts, on UK PM Starmer's speech, it "does not seem to have gone down particularly well with many Labour MPs, who were hoping for something more radical. The numbers calling on him to go continue to rise"

10:10

Indian government officials says at the moment, there is no proposal for oil marketing firms

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A person close to the White House said there would be “no consequence” for President Trump in “selling out Taiwan.”

Context

This could escalate tensions in both trade and security, potentially impacting oil prices and US-China relations—key areas for traders to monitor as the situation evolves.

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