Tehran rejects Washington’s stance on negotiations, citing excessive demands while defending its sovereignty over the Strait of Hormuz. Iran’s foreign ministry stated its latest proposal to the US was reasonable, blaming stalled talks on Washington’s "unreasonable demands.
US and China leaders meet this week for the first presidential visit since 2017, following a year of escalating trade disputes and tariffs. US President Donald Trump will meet Chinese President Xi Jinping in Beijing from May 13 to 15, marking the first US presidential visi
Oil prices rebound amid US-Iran tensions Oil prices have risen into triple digit levels due to a lack of progress in US-Iran talks. The two parties were reportedly close to a deal, but both sides rejected the proposals. The market has been rangebound for several wee
Oil prices surge after Trump rejects Iran’s ceasefire terms, raising risks of prolonged Strait of Hormuz disruptions. West Texas Intermediate crude futures climbed 5.2% to $96.60 in early Asian trading, reversing recent losses. The rally follows President Trump’s dismissal
Luis de Guindos states energy shocks today differ from 2021-22 due to tighter monetary and fiscal policies. European Central Bank Vice-President Luis de Guindos said inflation risks in the current energy price shock are lower than during 2021-22. He cited tighter monetary
China’s consumer inflation accelerated to 1.2% in April, exceeding forecasts amid higher energy prices linked to geopolitical tensions. China’s April consumer price index climbed 1.2% year-over-year, above the 0.8% estimate and March’s 0.1% print. The rise reflects elevate
China's passenger car sales dropped 21.6% year-on-year China's passenger car sales fell 21.6% in April, marking a seventh consecutive monthly decline. The decline was driven by high oil prices, which hurt domestic demand. Total passenger car sales dropped to 1.4 mil
Iran demands war reparations and sanctions relief as U.S. dismisses counteroffer, keeping Strait of Hormuz tensions elevated. U.S. President Donald Trump rejected Iran’s counterproposal to end the 10-week Middle East conflict, calling it "totally unacceptable" in a social
Israeli PM confirms war objectives in Iran remain incomplete, including potential seizure of nuclear material, amid reports of Trump’s stance. Israeli Prime Minister Benjamin Netanyahu stated the conflict with Iran is not over, refusing to dismiss military action to seize
US and China to discuss trade and technology issues The upcoming meeting between US President Donald Trump and China's Xi Jinping will cover a range of issues including trade, technology, and rare earth export controls. The agenda also includes discussions on Taiwan,
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