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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-Xi meeting is important for Strait of Hormuz

Oil Xi Jinping Hormuz Donald Trump Iran Strait of Hormuz United States China Morgan Stanley

Oil prices inched higher on Thursday as investors entered a wait-and-watch mode ahead of talks between U.S. President Donald Trump and Chinese President Xi Jinping later today.

Trump arrived in Beijing on Wednesday evening and is set to hold a series of meetings with Xi as he looks to secure economic gains and address key geopolitical issues including the Iran war and the Strait of Hormuz.

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