75 days of Hormuz chaos: Oil prices remain high as Trump-Xi talks near

May 14, 2026 - 10:00
75 days of Hormuz chaos: Oil prices remain high as Trump-Xi talks near

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Oil prices saw a slight uptick as traders awaited crucial talks between US President Trump and China's Xi Jinping. Lingering concerns over the Strait of Hormuz disruptions and the ongoing Middle East conflict are keeping markets on edge. Despite US pressure, China's continued reliance on Iranian oil adds complexity to potential resolutions.

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