Donald Trump is travelling to China for landmark talks with President Xi Jinping, focusing on how to end the war in Iran and reopen the Strait of Hormuz. Reports indicate Iran has restored operational access to 30 of its 33 missile sites along the Strait of Hormuz, leading Trump to accuse US media of 'virtual treason' for reporting on Iran's military capabilities.
Secret Strikes by UAE
The United Arab Emirates reportedly carried out secret strikes on Iran, including an attack on a refinery, marking the first involvement of a Gulf nation in the conflict. Iran has threatened to accelerate its nuclear weapons programme to 90 per cent purity if attacked again, following criticism from Trump regarding its response to a US peace proposal.
Oil Markets React
Oil prices fell as Trump headed to China for the summit, with Brent crude settling at $107 a barrel, after earlier rallies driven by concerns over the US-Israeli war against Iran and the closure of the Strait of Hormuz.
