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U.S. Treasury Secretary BESSENT said any agreement with Iran would require the Strait of Hormuz to remain fully open, and any plan to levy transit fees on the strait is an "invalid proposal".

2026-05-29

U.S. Treasury Secretary BESSENT said any agreement with Iran would require the Strait of Hormuz to remain fully open, and any plan to levy transit fees on the strait is an "invalid proposal".

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2026-05-28

Federal Reserve Bank of California President John Goursby warned that Asia is facing a stagflation shock in the traditional sense.

Federal Reserve Bank of California President John Goursby warned that Asia is facing a stagflation shock in the traditional sense.
2026-05-28

May 28 — MAO / CHINA, at a regular press briefing, was asked about an IISS report warning a Sino‑U.S. conflict over Taiwan could escalate to the nuclear level and target each side's command-and-control nodes. MAO said Taiwan is China’s internal affai

May 28 — MAO / CHINA, at a regular press briefing, was asked about an IISS report warning a Sino‑U.S. conflict over Taiwan could escalate to the nuclear level and target each side's command-and-control nodes. MAO said Taiwan is China’s internal affair and must not be subject to external interference; preserving peace and stability in the Taiwan Strait requires a clear opposition to Taiwan independence. She urged the U.S. to implement the consensus reached at the two leaders' meeting and handle the Taiwan issue with extreme caution.
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