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strikeMay 16, 2026

Trump says Xi agrees Iran must open strait, but no sign China will weigh in

Summary

Flying back from Beijing on Friday after two days of talks with Xi, Trump said he was considering whether to lift U.S. sanctions on Chinese oil companies buying Iranian oil. China is the biggest buyer of Iranian oil. "I'm not asking for any favors because when you ask for favors, you have to do favors in return," Trump said when asked by a reporter on Air Force One whether Xi had made a firm commitment to put pressure on the Iranians to reopen the strait. Xi did not comment on his discussions with Trump about Iran, although China's foreign ministry criticized the war, calling it a conflict "which should never have happened, has no reason to continue". Also Read | Iran plans new Hormuz transit mechanism, says only cooperating nations will benefit 'WE WANT THE STRAITS OPEN' Iran has effectively shut the strait, which carried one-fifth of global oil and liquefied natural gas supply before the U.S. and Israel launched attacks on February 28. The disruption to shipping has caused the biggest oil supply crisis in history, pushing up oil prices. Ebrahim Azizi, who heads the Iranian parliament's national security committee, said on Saturday that Tehran had prepared a mechanism to manage traffic through the strait along a designated route that would be unveiled soon. Azizi said only commercial vessels and parties cooperating with Iran would benefit, and that fees would be collected for specialised services provided under the mechanism. Thousands of Iranians were killed in the U.S. and Israeli airstrikes. Thousands more have been killed in Lebanon in fighting between Israel and the Iran-backed group Hezbollah, though Israel and Lebanon agreed on Friday to a 45-day extension of a ceasefire that has tamped down the conflict there. The U.S. paused its attacks last month but began a port blockade. As of Saturday, 78 commercial ships had been redirected and four disabled to ensure compliance with the blockade, the U.S. military said. Tehran, which carried out strikes against Israel, U.S. bases and Gulf states after the war began, has said it will not unblock the strait until the U.S. ends its blockade. Trump has threatened to resume attacks if Iran does not agree to a deal. "We don't want them to have a nuclear weapon, we want the straits open," Trump said in Beijing, alongside Xi. Iran, which has long denied it intends to build a nuclear weapon, has refused to end nuclear research or relinquish its hidden stockpile of enriched uranium. Iranian Foreign Minister Abbas Araqchi said Tehran had received messages from the U.S. indicating Washington was willing to continue talks. Pakistan has been mediating between Washington and Tehran. Iranian news agency Nournews said Interior Minister Eskandar Momeni had held "detailed" discussions with his visiting Pakistani counterpart on Iran-Pakistan relations and the prospects for resuming peace talks, but gave no details. Also Read | Trump says he and China's Xi agree Iran cannot have nuclear weapons TRUMP LOSING PATIENCE Trump, who told Fox News' "Hannity" program in an interview aired on Thursday that he was losing patience with Iran, said Tehran "should make a deal". Oil prices rose around 3% to around $109 a barrel on Friday [O/R] on concerns about a lack of progress in resolving the conflict. Talks on ending the war, which has become a liability for Trump ahead of U.S. congressional elections in November, have been on hold since last week when Iran and the U.S. each rejected the other's most recent proposals. Araqchi said on Friday that Iran would welcome Chinese input, adding that Tehran was trying to give diplomacy a chance but did not trust the U.S., which has curtailed previous rounds of talks by launching air strikes. When the U.S. and Israel launched their attacks on Iran at the end of February, they said one of their aims was to weaken the authorities so Iranians could topple the government. There has been little sign of organized dissent in Iran during the war, and rights groups say the government has cracked down heavily on its opponents. Iran's judiciary said on Saturday that 39 people had been executed for collaborating with Israeli or U.S. spy agencies, or taking part in "terror" or armed unrest, since the war started, the judiciary's news agency Mizan reported. It said 36 "medium-level" dissidents had received long prison sentences. (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Perspectives

Iranian Official

In response to the unprovoked U.S. and Israeli aggression that killed thousands of Iranians and threatened its sovereignty, Iran has rightfully closed the Strait of Hormuz to defend against foreign interference in its affairs. Tehran is now preparing a sovereign transit mechanism to regulate shipping along secure routes, ensuring that only cooperating nations benefit while collecting fees to uphold national control. U.S. attempts to pressure China into curbing Iranian oil exports represent continued foreign meddling, which Iran firmly resists.

Israeli

From an Israeli security perspective, Iran's closure of the Strait of Hormuz—carrying one-fifth of global oil supplies—represents a direct existential threat, enabling Tehran to choke energy routes while its proxies escalate regional attacks. Any U.S. move to lift sanctions on Chinese purchases of Iranian oil would only strengthen the regime's terror network and proxy militias, undermining the defensive necessity of the February 28 strikes by Israel and the U.S. to neutralize these dangers.

Neutral

U.S. President Trump stated after meetings with Chinese President Xi that he was considering lifting sanctions on Chinese firms buying Iranian oil. Iran has closed the Strait of Hormuz following U.S. and Israeli strikes that began February 28, disrupting oil shipments and raising prices. Iranian parliament official Ebrahim Azizi said a new transit mechanism would soon be unveiled, with access limited to cooperating vessels.

Western

Trump returned from Beijing after pressing Xi to leverage China’s role as Iran’s top oil buyer to reopen the Strait of Hormuz, following U.S.-Israeli precision strikes that neutralized Iranian threats and prompted Tehran’s closure of the vital waterway. The disruption has triggered the worst oil-supply shock in decades, and Washington is weighing targeted sanctions relief on Chinese firms only if Beijing secures reliable transit for global energy flows. Iranian plans for a restricted, fee-based mechanism underscore the regime’s continued efforts to weaponize shipping lanes.

Pro-Peace

The US and Israeli attacks on Iran since February 28 have killed thousands, devastated civilian lives, and triggered the closure of the Strait of Hormuz—disrupting one-fifth of global energy supplies and inflicting widespread economic hardship on ordinary people worldwide. Rather than weighing sanctions relief amid these costs, leaders must pursue diplomatic channels, as urged by China, to end a war that "should never have happened" and restore safe passage without further loss of life.

Global South

US and Israeli attacks on Iran, which killed thousands and triggered the Hormuz closure, reflect neo-colonial efforts to dominate energy routes and punish sovereign defiance of Western sanctions regimes. Beijing’s refusal to echo US pressure on Tehran, paired with Trump’s sanctions calculus, highlights how Global South states navigate institutional paralysis that has failed to restrain aggression or uphold non-interference. Iran’s planned transit mechanism for cooperating nations further asserts resource sovereignty against external control of strategic waterways.

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  • SECTIONS Trump says Xi agrees Iran must open strait; But No Sign China Will WeighBy SECTIONS Trump says Xi agrees Iran must open strait; But No Sign China Will Weigh

    Flying back from Beijing on Friday after two days of talks with Xi, Trump said he was considering whether to lift U.S. sanctions on Chinese oil companies buying Iranian oil. China is the biggest buyer of Iranian oil. "I'm not asking for any favors because when you ask for favors,

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The U.S. and Iran are back to bombing every day in a bid to control the Strait of Hormuz. And neither is backing down, showing the limitations of President Donald Trump’s reliance on escalating airstrikes to bend Tehran to his will. While the Trump administration says it is open to diplomacy, Iran so far has refused to loosen its grip over the crucial oil shipping corridor in the Persian Gulf.

It is raising questions about the strategy for the conflict's next phase. The intensifying attacks have collapsed an interim ceasefire deal, killed more American troops and sent U.S. gasoline prices back up, posing more problems for Republicans hoping to get reelected.

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Republicans demanded the material after Hur declined to file charges against the then-president. Civilian infrastructure now targeted by both the US and Iran Both sides have targeted civilian infrastructure relied on by millions of people.

Kuwait’s Electricity, Water and Renewable Energy Ministry said Tehran struck desalination and power plants for a fourth straight day on Monday night, causing fires and damage. Some 90% of Kuwait’s drinking water comes from desalination, making the attacks a matter of life and death for the tiny nation.

U.S. strikes have been hitting electrical equipment in Iran as well, and Iranian officials also have said Americans targeted water facilities. US command says its broad strikes are in response to Iran’s attacks on shipping The U.

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Iranian state media reported that explosions were heard in across six different provinces. Tanker attacks expand, forcing crew to abandon ship Traffic through the strait has slowed to a crawl during the latest violence. Lloyd’s List Intelligence said only three ships transited the strait on Sunday.

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The route around Oman has been the one the U.S. military has encouraged ships to travel to avoid Iran’s control. The UKMTO separately reported Tuesday that another previously unknown attack on a ship took place early the previous day. Iranian official meets mediators in Pakistan as attacks rage An Iranian official began meetings Tuesday with mediators in Pakistan as diplomats sought to salvage the collapsed interim deal between Iran and the United States, even as both countries continued to launch attacks for a 10th day of renewed fighting.

The visit by Iran’s Interior Minister Eskandar Momeni comes as Pakistan has intensified diplomatic efforts in recent days to resuscitate the deal. However, it remains unclear just what new arrangement could be reached to end the fighting.

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— By Munir Ahmed The limits of intensifying attacks emerge as US and Iran dig in The U.S. and Iran are back to bombing every day in a bid to control the Strait of Hormuz. And neither is backing down, showing the limitations of President Donald Trump’s reliance on escalating airstrikes to bend Tehran to his will.

While the Trump administration says it is open to diplomacy, Iran so far has refused to loosen its grip over the crucial oil shipping corridor in the Persian Gulf. It is raising questions about the strategy for the next phase of the conflict as intensifying attacks have collapsed an interim ceasefire deal, left additional American troops dead and sent U.

S. gasoline prices back up — posing new problems for Republicans ahead of the midterm elections. Even with glimmers of hope for talks, the sides could be headed back to all-out war, with Trump warning that “every time Iran kills an American Soldier” going forward, “they will pay for that killing many times over.

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The head of the International Energy Agency stated on July 21 that escalation in Middle East hostilities affecting the Strait of Hormuz and regional energy infrastructure has heightened supply security concerns, while noting that markets retain cushioning factors including higher exports and alternative routing of Saudi and UAE crude.

He also cited threats to the Bab el-Mandeb Strait as an additional risk. Reports indicate that Houthi declarations regarding potential Red Sea port blockades and shipping attacks prompted a restrained initial market response amid ongoing mediation references by Iran.

Location: Strait of Hormuz
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U.S. forces struck targets across southern and western Iran Tuesday after President Donald Trump vowed retaliation for the deaths of American troops, while Tehran hit U.S. bases in the Gulf and a tanker was struck in the Strait of Hormuz. Yemen's Iran-aligned Houthis announced a naval blockade on Saudi Arabia Monday, opening a potential new front in the war and raising the threat to global energy supplies and trade beyond the Gulf.

Shipping companies loading or discharging cargo at Saudi ports could be targeted "in any location" by Houthis, according to an email sent to companies Monday, Reuters reported. Oil prices gained nearly 2% on the escalating cycle of attacks that has all but wrecked an interim peace agreement signed last month.

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Explosions were heard around the city of Shiraz in southern Iran, state media said. Konarak and Chabahar on the southern coast, the city of Khorramabad and a civilian site outside the city of Abdanan, both in the west, all came under attack, media reports said.

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S. State Department issued a new "worldwide caution" for Americans due to "heightened tensions in the Middle East." Iran launched renewed attacks across the Gulf, where recent strikes on desalination facilities have raised concerns about water shortages.

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S. military site in Jordan, while Jordan said its forces intercepted and destroyed five Iranian drones. The maritime security agency UKMTO said Tuesday a tanker in the Strait of Hormuz reported being struck by a projectile, forcing its crew to abandon the vessel and board a lifeboat.

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Brent crude futures rose 1.8% to $90.84 per barrel and U.S. West Texas Intermediate contracts gained around 1.7-1.8% on Tuesday. Reports described a tanker struck by an unknown projectile in the Strait of Hormuz, with reduced vessel crossings, alongside statements from a UBS analyst citing lower exports and Red Sea concerns, and from an Iranian official to Reuters regarding a proposed 10-day ceasefire.

U.S. and Iranian military actions were also referenced in connection with the events.

Location: Iran