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Oil surges, gold, and stocks slip as the SOH blockade lingers despite the Trump-Xi meeting

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  ·        The SOH may not reopen soon, as China maintains protocol-based diplomacy, while Trump seeks truth-based diplomacy and an immediate face-saving opening. ·        China will not pressure Iran to accept Trump’s bellicose terms and surrender itself before the US unconditionally. ·        Trump may launch a surgical strike on Iran BY August to snatch away the so-called nuclear dust if Iran does not agree to transfer the same to China ‘peacefully.’ On May 14, 2026, U.S. President Trump met with his Chinese counterpart, President Xi Jinping, in Beijing for a high-stakes bilateral summit at the Great Hall of the People. Although officially the summit was focused on improving bilateral trade and diplomacy between the two largest economies in the world, comprising almost 50% of the global economy, the focus of the market was on the reopening of the Strait of Hormuz (SOH) amid ongoing Iran ...