Trump Says Patience With Iran ‘Running Out’ After Xi Talks on Hormuz
FILE PHOTO: China’s President Xi Jinping and US President Donald Trump visit the Temple of Heaven in Beijing on May 14, 2026. BRENDAN SMIALOWSKI/Pool via REUTERS/File Photo
Trump Says Patience With Iran ‘Running Out’ After Xi Talks on Hormuz
Reuters
Total Views: 0
May 15, 2026
ABOARD AIR FORCE ONE/DUBAI, May 15 (Reuters) – U.S. President
Donald Trump
said his patience with Iran was running out and that Chinese President Xi Jinping had agreed that Tehran must reopen the Strait of Hormuz, but China gave no indication it would weigh in.
As he flew back from Beijing on Friday after two days of talks with Xi, Trump said he was considering whether to lift U.S.
Panama Canal Aims to Avoid Repeat of 2023 Drought Crisis as El Niño Looms
Photo credit: Flystock/Shutterstock
Panama Canal Aims to Avoid Repeat of 2023 Drought Crisis as El Niño Looms
Reuters
Total Views: 0
May 15, 2026
PANAMA CITY, May 15 (Reuters) – The
Panama Canal
is not planning vessel passage restrictions for the remainder of 2026 even if an El Niño weather pattern begins in the second half of the year as predicted, potentially leading to another drought in the Central American country, the waterway told Reuters.
The canal linking the Pacific and Atlantic oceans is currently allowing 38 ships to pass through each day and has seen demand increase in recent months mainly due to the U.S.-Israeli war on Iran, which is affecting the use of other corridors like the Suez Canal.
The El Niño climate pattern, which occurs every two to seven years, leads to warm ocean surface temperatures in the central and eastern equatorial Pacific, which typically means wetter, colder winters in portions of the U.S. and rainfall reduction in Central America, leading to drought
Fed Governor Stephen Miran resigns, cites deregulation wins
Fed Governor Stephen Miran resigns, cites deregulation wins
in
World Economy News
15/05/2026
Federal Reserve Board member Stephen Miran submitted his resignation on Thursday, with his departure set to take effect when or shortly before his successor is sworn in. Miran has served on the Board since September 16, 2025, filling an unexpired term that ended January 31, 2026.
Before joining the Fed, Miran served as chairman of the Council of Economic Advisers under President Donald J. He previously worked as a senior strategist at Hudson Bay Capital Management and as a senior fellow at the Manhattan Institute for Policy Research.
Tensions flare near Strait of Hormuz as a ship is seized and another is sunk
Tensions flare near Strait of Hormuz as a ship is seized and another is sunk
in
International Shipping News
15/05/2026
A ship anchored off the United Arab Emirates was seized and taken toward Iran and another — a cargo ship near Oman — sank after being attacked, authorities said Thursday, as tensions escalated near the Strait of Hormuz.
It wasn’t immediately clear who was behind these incidents, but they happened as a senior Iranian official reiterated his country’s claim of control over the waterway and another said it had a right to seize oil tankers connected to the U.S.
The turmoil in the strait, which a fifth of the world’s oil passed through before the war, has been a sticking point for weeks in talks between the U.S. Iran’s grip on the vital waterway has jolted the world economy and spiked fuel prices far beyond the Middle East.
The ongoing instability in the region came as U.S. President Donald Trump met with Chinese leader Xi Jinping in Beijing.
$13 Billion Commonwealth LNG Project Gets Green Light in Louisiana
File Photo: Igor Grochev / Shutterstock
$13 Billion Commonwealth LNG Project Gets Green Light in Louisiana
Mike Schuler
Total Views: 1
May 15, 2026
Caturus announced Friday it has reached final investment decision (FID) on the long-delayed 9.5 million tonnes per annum (mtpa) Commonwealth LNG export terminal in Cameron Parish, Louisiana, backed by $9.75 billion in project financing and more than $21 billion in total capital commitments.
The roughly $13 billion project marks one of the largest
U.S. LNG export
developments approved this year and further cements America’s position as the world’s dominant LNG supplier.
The Commonwealth facility is expected to begin operations in 2030 and will have the capability to load LNG carriers up to 216,000 cubic meters. Long-term offtake agreements have already been secured with a roster of major global counterparties including EQT, Glencore, Mercuria, PETRONAS and Aramco Trading.
“This landmark occasion … is the culmination of years of strategic pla
Iran Seizes Chinese-Owned ‘Floating Armory’ Ship Near Hormuz
Photo: Ya Ray Yang/MarineTraffic
Iran Seizes Chinese-Owned ‘Floating Armory’ Ship Near Hormuz
Bloomberg
Total Views: 0
May 15, 2026
By Weilun Soon and Alex Longley (Bloomberg) — Iran seized a Chinese-owned ship that’s one of a handful of so-called floating armories that operate in the region, according to two maritime security consultants who asked not to be identified discussing sensitive information.
Hong Kong-based Sinoguards, a maritime security firm, said in a statement that Tehran’s forces took one of its ships, the
Hui Chuan
, into Iranian waters on Thursday. That followed an
alert
from a UK naval group that a commercial ship was apprehended by unauthorized personnel at the entrance of the Strait of Hormuz.
It’s unclear why Iran has taken the vessel after Tehran said in statements on Thursday that Chinese ships were allowed to cross Hormuz, suggesting cooperation between the two nations. China has long been the biggest buyer of Iranian oil.
Sinoguards said the vessel is undergoi
Greek-Operated Tanker Breaks Through Hormuz Gridlock
Photo: Shutterstock/Sven Hansche
Greek-Operated Tanker Breaks Through Hormuz Gridlock
Reuters
Total Views: 0
May 15, 2026
By Jonathan Saul
LONDON, May 15 (Reuters) – A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.
The
U.S.-Israeli war on Iran
has led to the effective closure of the strait, stranding hundreds of ships and leading to unprecedented disruption of energy supplies.
The Liberia-flagged suezmax tanker
Karolos
, which can carry a maximum of 1 million barrels of oil, was sailing towards the western India port of Sikka on Friday after crossing the Strait of Hormuz on May 14, according to analysis from Kpler.
The vessel was at maximum load after calling at Basra oil terminal on May 10, Kpler analysis showed.
Satellite analysis from data analytics specialists SynMax also found the vessel’s draft had increased on May 14, indicating
Middle East conflict redraws global gas trade map
Middle East conflict redraws global gas trade map
in
International Shipping News
05/05/2026
T
he fragile equilibrium of the global natural gas market – which had spent much of the early 2025/2026 heating season trending toward stability – has been shattered by the geopolitical eruption in the Middle East.
According to the International Energy Agency’s (IEA) Gas Market Report, Q2-2026, a series of unprecedented disruptions—top of which is the de facto closure of the Strait of Hormuz—has altered the trajectory of international energy trade. What was once anticipated as a year of easing fundamentals and “strong LNG supply growth” has instead devolved into a period of “unprecedented uncertainty” that threatens to delay the next global LNG wave by at least two years, the IEA said.
Decreased volumes are just part of the picture; it’s the total restructuring of supply routes and the re-emergence of extreme price volatility that brokers and charterers need to take note of.
The report states th
Dry Bulk Shipping: Argentinian Market Adding Cargoes
Dry Bulk Shipping: Argentinian Market Adding Cargoes
in
Hellenic Shipping News
05/05/2026
T
he dry bulk market is experiencing a redrawing of its global freight map lately. In its latest weekly report, shipbroker Intermodal said that “the corn market in 2026 is characterised by well-supplied conditions, due to strong harvests across the Americas and elevated U.S. While this pricing environment bolsters consumption, it compresses producer margins.
Explosion Hits Ship as Trump’s Hormuz Push Meets Reality
Tankers are seen off the coast of the Fujairah, as Iran vows to close the Strait of Hormuz, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 3, 2026. REUTERS/Amr Alfiky
Explosion Hits Ship as Trump’s Hormuz Push Meets Reality
Reuters
Total Views: 0
May 4, 2026
By Parisa Hafezi, Ahmed Tolba and Idrees Ali
DUBAI/WASHINGTON, May 4 (Reuters) – A South Korean ship was hit by an explosion in the Strait of Hormuz on Monday and Iranian drones caused a fire at a UAE oil port, as Tehran demonstrated its grip on Middle East oil after U.S. President Donald Trump said his
Navy would open the strait
.
The U.S.