Insights

Weekly Market Commentary – 15th May 2026

15 May 2026

This week Donald Trump’s visit to China failed to deliver any progress on ending the war in the Middle East. As China is the biggest buyer of Iranian oil, there were hopes that this week’s meeting of the Chinese and American presidents would spur some progress. Instead, tension has been rising following an exchange of rocket fire and Trump’s rejection of Iranian proposals for reopening the Strait of Hormuz. Alongside rising political tension, some investors are warning that the oil price could spike higher when temporary measures, such as releasing strategic oil reserves, run out.