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Oil edges up before Trump Xi meet as Iran risk takes center stage
Economy
Published on 14 May 2026
Iran oil ties may blunt any U S push
Oil prices inched higher as markets looked ahead to the Trump Xi meeting in Beijing, where the Iran war is expected to dominate talks. Even with U.S. sanctions in place, China continues to buy large volumes of Iranian oil, creating a major sticking point that could complicate any effort to de-escalate or change Tehran’s access to buyers.
- Oil rises slightly ahead of the Trump Xi meeting
- Iran war is a key agenda item for the talks
- U.S. sanctions face friction as China remains a major buyer
- Oil markets are reacting to uncertainty over Iran supply
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times