China / U.S. relations:
- China's Commerce Ministry: further leverage China-U.S. economic and trade
consultation mechanism to strengthen dialogue and communication
U.S. politics:
- Trump fires Pam Bondi as attorney general
Markets & commodities:
- Turkey’s gold reserves drop by nearly 120 tons over two weeks
- WTI crude surges 13%, gold falls 1.7%, silver drops 2.7%
Corporate:
- Tesla Q1 deliveries miss expectations, core auto business faces pressure
Energy policy:
- U.S. Energy Department official says no discussions currently underway on
releasing oil reserves
- Sources: OPEC+ may consider further output quota increase at Sunday meeting
Trade policy:
- Trump restructures broad metals tariffs but keeps 50% rate
Iran conflict:
- Trump’s national address fails to convince markets war is nearing an end or
that Strait of Hormuz risks will ease, sending oil prices sharply higher
- Iran and Oman said to be drafting a Strait of Hormuz transit agreement; Three
energy vessels entered the strait along Oman’s coast on Thursday
- Iran says it struck Amazon and Oracle data centers in the Middle East
- Iran’s landmark bridge reportedly hit; further infrastructure may be targeted,
with regional Gulf bridges cited by Iranian media as potential targets
- Iranian crude trades at a premium to Brent for the first time since 2022
- Philippines and Russia say the Strait of Hormuz remains open to them
