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Crude Above 105 as Trump Xi Talks Loom Strait of Hormuz Risk Turns Spotlight on Oil Prices
Economy
Published on 14 May 2026
Traders fear Hormuz disruption could spike prices fast
Oil prices inched up to above $105 a barrel as investors looked ahead to a U.S.-China Trump Xi meeting tied to both economic priorities and geopolitical tensions, including the Iran war. Even with rate-hike worries in the background, analysts warn the real swing factor could be a Strait of Hormuz disruption, which would likely push crude higher quickly.
- Crude prices stay above $105 amid a cautious market mood
- Trump Xi talks are in focus for economic and geopolitical angles
- Iran war concerns keep supply risk sentiment elevated
- Strait of Hormuz shutdown could trigger sharp price jumps
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times