Hormuz Flows Ease Oil Fears, Saudi Air-Raid Alerts, Qatar Urges Gulf Unity, Trump-Xi Summit Nears
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Oil extends losses and Asian stocks edge higher as crude and LNG shipments through the Strait of Hormuz reach a six-month high. The yen faces pressure after the Bank of Japan disappoints. US-China talks cover trade, AI and investment ahead of the Trump-Xi summit. Bessent calls the engagement successful, while China’s Li cites a positive atmosphere. Qatar’s prime minister urges coordinated Gulf action on Iran, stresses that peace requires more than mediation and discusses fiscal management as war drives a 7% economic contraction. Al-Ansari says ideas are being exchanged to resume US-Iran talks. Saudi Arabia issues rare air-raid alerts for Riyadh. Al-Kaabi highlights Hormuz’s critical energy role, reaffirms Qatar’s reliability as an LNG supplier and expects North Field East to come online in the first half of 2027. Qatar Airways reports a cargo boom linked to Hormuz disruption and plans to add 138 jets over five years. Al-Sowaidi calls innovation a marathon, Rowan sees overwhelming deman
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