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Int'l Herald TribuneMay 15, 2026
Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War
Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.

CNBC World NewsMay 15, 2026
China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright
China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran's blockade of the Strait of Hormuz.
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