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Iran seizes ship near UAE as Trump and Xi press to keep Hormuz open amid rising attacks

Iran seizes ship near UAE as Trump and Xi press to keep Hormuz open amid rising attacks

Iranian personnel reportedly seized a ship off the UAE, boarding it while anchored near Fujairah and steering it toward Iranian waters. The move comes as U.S. President Donald Trump and Chinese President Xi Jinping agreed to keep the Strait of Hormuz shipping lane open, with Xi opposing militarization and tolls. Separately, an Indian livestock cargo vessel was sunk off Oman. Iran says seizures follow law, while shipping data show traffic remains sharply reduced but rising, with new country-by-country deals.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Gold prices rise as weak dollar meets Trump Xi talks and Iran war headlines

Gold prices rise as weak dollar meets Trump Xi talks and Iran war headlines

Gold edged higher as a weaker US dollar boosted demand, while markets tracked potential outcomes from Trump Xi meetings. Investors also kept an eye on signals tied to the Iran war, seeking clues on risk and policy shifts. Spot gold inched up to about $4,706.70 per ounce, reflecting cautious optimism alongside geopolitical uncertainty.

Summarised by Beize from a story on Republic on 14 May 2026

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China renews licences for 400 plus US beef plants after major export slump

China renews licences for 400 plus US beef plants after major export slump

China has reinstated export licences for more than 400 US beef processing plants, including major firms like Tyson Foods and Cargill, as Trump and Xi meet in Beijing. The move follows a sharp fall in US beef shipments to China last year after many plant registrations expired, disrupting trade worth billions.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Dollar surges as yields jump and safe haven demand rises ahead of Trump Xi meeting

Dollar surges as yields jump and safe haven demand rises ahead of Trump Xi meeting

The US dollar strengthened Thursday as higher Treasury yields and safe-haven buying pulled investors toward the currency. Trading looks heavily influenced by expectations of additional Federal Reserve rate hikes this year. Attention is also on Trump and Xi meeting in Beijing, while the offshore yuan stayed near a three-year high as US inflation data hinted at renewed price pressure.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Crude Above 105 as Trump Xi Talks Loom Strait of Hormuz Risk Turns Spotlight on Oil Prices

Crude Above 105 as Trump Xi Talks Loom Strait of Hormuz Risk Turns Spotlight on Oil Prices

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.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Oil edges up before Trump Xi meet as Iran risk takes center stage

Oil edges up before Trump Xi meet as Iran risk takes center stage

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.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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