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Reaching the summit

Hormuz easing hit crude, but tight inventories support markets; East gasoline/naphtha strong, HSFO stabilising, butane supported.
Published: May 14, 2026
Written by:
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
,
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
16 page report
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The world's superpowers met in Beijing today as Chinese President Xi Jinping and US President Donald Trump spent the day together for a high-stakes summit. Trump and Xi both signalled support for keeping Hormuz open, and Iran selectively allowed Chinese tonnage to pass through the Strait...

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