SENSEX
NIFTY
GOLD
USD/INR

Weather

image 36    C

Economy News

The Economic Times

Economy / The Economic Times

details

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

President Donald Trump claims China's Xi Jinping agreed Iran must reopen the Strait of Hormuz. Iran effectively shut the vital waterway after U.S. and Israeli attacks. This has caused a major oil supply crisis and pushed up prices. Tehran insists it will not unblock the strait until the U.S. ends its blockade. Talks to end the conflict are stalled.

16 May 2026 8:34 pm