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Oil prices surged on the first day of Trump’s ‘Project Freedom’ plan to unblock Hormuz

todayMay 5, 2026

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Oil hit its highest price of the year on the first day of President Donald Trump’s operation to guide stranded ships through the blocked Strait of Hormuz, underscoring the intense uncertainty that still dogs the global energy trade.

Oil hit its highest price of the year on the first day of President Donald Trump’s operation to guide stranded ships through the blocked Strait of Hormuz, underscoring the intense uncertainty that still dogs the global energy trade.

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An unfinished Iran war could give Xi the upper hand in Trump talks, sources say

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An unfinished Iran war could give Xi the upper hand in Trump talks, sources say

China remains committed to the upcoming meeting between its leader Xi Jinping and US President Donald Trump regardless of the situation in the Middle East, and cautiously views its adversary’s months-long conflict with Iran as having potentially strengthened its negotiating position, according to Chinese sources familiar with the matter.China remains committed to the upcoming meeting between its leader Xi Jinping and US President Donald Trump regardless of the situation in […]

todayMay 4, 2026

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