Morning Briefing — Saturday, May 16, 2026 · 8:00 EST · ~1,280 words
Today’s briefing is dominated by two interlocking failures: the Trump-Xi summit produced no firm Hormuz commitment, and the US-Iran MOU process remains stuck on an unbridgeable enrichment gap. Both outcomes were confirmed within the same 24-hour window, leaving markets and energy traders with nothing to price optimism on. Russia’s largest aerial barrage since the invasion — launched during the Trump-Xi summit, almost certainly deliberate timing — adds a third simultaneous stress point. European strategic exposure to all three is now being explicitly named by EU leadership, not just hinted at. 1. What Changed Hormuz: seizures continue, Chinese ships exempted, CENTCOM … Continue reading Morning Briefing — Saturday, May 16, 2026 · 8:00 EST · ~1,280 words
