On May 15, US President Trump was about to leave Beijing by special plane.

Energy: 1. Two LPG carriers bound for India successfully transited the Strait of Hormuz, boosting traffic flow. 2. Indian Foreign Minister: Safe and unimpeded maritime transport is crucial to global economic well-being. 3. Japanese energy giant Eneos will acquire Chevron's fuel business for $2.17 billion. 4. Turkish Central Bank: The 2027 oil price assumption is $75.4 per barrel, up from a previous forecast of $56 per barrel. 5. Sources: Indian Prime Minister Modi will make a brief visit to the UAE to seek more energy supplies. 6. OPEC+ representative: OPEC+ plans to complete a series of quota increases and will continue with symbolic monthly production increases. 7. US Treasury Secretary Bessenter: (Regarding oil prices) He expects the oil price curve to decline within six months and believes oil prices will fall rapidly. 8. Canada unveils strategic plan to double its power grid capacity by 2050; the plan is estimated to cost over C$1 trillion from now until 2050. 9. US Treasury Secretary Bessant: Iran's oil reserves have run out, forcing it to halt production. 10. Media reports indicate that India has raised gasoline and diesel prices by 3 rupees per liter. 11. Vietnam urges businesses and households to conserve electricity, as consumption has reached its highest level this year. 12. Australian unions say some workers at the Woodside LNG plant will begin a strike. 13. Australia's Resources Minister states that Australia will not impose restrictions on natural gas exports during the winter after exporters assured the government of sufficient gas supplies to the east coast market. 14. The Canadian Minister states that LNG Canada will make a decision on its second-phase expansion project by the end of the year. Precious Metals and Mining: 1. According to a satellite data consultancy, several Australian steelmaking coal mines may struggle to maintain their recent production recovery. 2. Chow Tai Fook Jewellery confirmed a price increase for its fixed-price gold jewelry. 3. The UK will pass legislation to nationalize British Steel, a subsidiary of China's Jingye Group. China's Ministry of Commerce stated that it hopes the British government will adhere to the principles of fairness, impartiality, and non-discrimination, and make a prudent decision after careful consideration. 4. Statistics South Africa: South African gold production increased by 17.1% year-on-year in March. 5. India further restricts gold imports. The Directorate General of Foreign Trade of India stated that it will issue pre-authorizations for gold imports, with a maximum permitted quantity of 100 kilograms. Iran Situation: 1. Iranian Foreign Minister: There is no military solution to the Iran issue. 2. Two LPG carriers bound for India successfully transited the Strait of Hormuz, boosting traffic flow. 3. According to Iranian state media: The Iranian Revolutionary Guard stated that approximately 30 ships have transited the Strait of Hormuz with Tehran's permission since Wednesday evening. 4. The US House of Representatives again rejected a bill limiting Trump's war powers, with the voting margin narrowing. 5. Trump says patience with Iran is running out. Other: 1. Bank of China's New York branch signs a memorandum of understanding with the U.S. Soybean Export Council. 2. China's Ministry of Agriculture and Rural Affairs: The number of breeding sows has been lowered to 37.5 million.

TRUMP SAYS EFFORT UNDERWAY TO REOPEN HORMUZ STRAIT FOR REGIONAL NATIONS