Global crude prices rose to a two-week high following a drone strike on the UAE's Barakah nuclear power plant and drone interceptions in Saudi Arabia. Brent crude reached $111.27 per barrel, while West Texas Intermediate climbed to $107.75. The market surge follows recent talks between US President Donald Trump and Chinese President Xi Jinping that concluded without resolution to the regional conflict.
China Daily reported that the United States is evaluating follow-up military strategies regarding Iran following a reported Camp David meeting, as Iran enforces a shipping blockade in the Strait of Hormuz. Iranian media reported that seven oil tankers were targeted in the waterway over five days, while Yemen's Houthi group claimed missile and drone attacks on Saudi Aramco oil facilities in Riyadh and Khurais.
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