US-Iran War: Xi Says Hormuz Must Stay Open; Israel & Lebanon Extend Ceasefire

May 16, 2026

US President Donald Trump said Chinese President Xi Jinping agreed that the Strait of Hormuz must remain open amid growing tensions involving Iran. The strategic waterway is crucial for global oil shipments, and any disruption could impact fuel prices and international trade.

Trump’s remarks came during discussions on regional stability and maritime security as concerns continue over escalating conflict in the Middle East.

Israel and Lebanon Extend Ceasefire

Israel and Lebanon have agreed to extend their ceasefire for another 45 days. The extension aims to prevent further cross-border escalation and support ongoing diplomatic efforts in the region.

Officials from both sides have reportedly maintained indirect communication through international mediators to avoid renewed clashes along the border.

Rising Middle East Tensions Keep Markets on Edge

The latest developments come as global leaders monitor the broader impact of the US-Iran conflict on regional security and energy markets. Analysts warn that any threat to the Strait of Hormuz could affect crude oil supply chains worldwide.

Investors are also closely watching diplomatic efforts involving the United States, China and Gulf nations to prevent further escalation in West Asia.