Oil edges up as investors focus on Trump-Xi meeting in Beijing

By Shadia Nasralla

Reuters

LONDON, May 14 (Reuters) - Oil prices edged up on Thursday, with market participants focused on the meeting between U.S. President Donald Trump and Chinese President Xi Jinping to ‌scour for progress on a resolution for the Iran war.

Both leaders agreed in a meeting ‌that the Strait of Hormuz must be open for the free flow of energy, according to a White House readout of the ​summit on Thursday.

Brent crude futures were up 98 cents, or 0.9%, to $106.61 a barrel at 0916 GMT, while U.S. West Texas Intermediate futures added 81 cents, or 0.8%, to $101.83.

Both contracts fell on Wednesday as investors worried about possible U.S. interest rate hikes as higher fuel prices spur inflationary pressures. Brent crude futures lost more than $2 ‌a barrel, while WTI futures dropped ⁠more than $1.

Xi told Trump that trade talks were making progress at the start of the two-day summit on Thursday, but warned that disagreement over Taiwan could send relations ⁠down a dangerous path.

"Oil prices are in a wait-and-see mode," ING analysts said in a note on Thursday, adding that the market could be pinning too much hope on the U.S.-China talks yielding some positive results on the ​U.S.-Israeli ​war on Iran.

Advertisement

The Strait of Hormuz, a key energy ​gateway, has been largely shut since the war ‌broke out at the end of February.

"Failure to make meaningful progress on reopening the strait could leave the U.S. with few options other than renewed military action," IG analyst Tony Sycamore said in a note.

Iran, meanwhile, appears to have tightened its control over the strait, cutting deals with Iraq and Pakistan to ship oil and liquefied natural gas from the region.

A Chinese supertanker carrying 2 million barrels of Iraqi crude ‌sailed through the strait on Wednesday after being stranded in ​the Gulf for more than two months.

A Panama-flagged crude oil tanker ​managed by Japanese refining group Eneos <5020.T> has ​also passed through the strait, ship-tracking data from LSEG showed on Thursday, the second ‌instance of a Japan-linked oil ship making it ​through.

Global oil supply will ​fall short of total demand this year as inventories are drained at an unprecedented pace, the International Energy Agency said on Wednesday.

Meanwhile in the U.S., crude inventories fell by 4.3 million barrels ​to 452.9 million barrels for the ‌week ended May 8 on rising exports, the EIA said, although distillates stockpiles rose, in ​opposition to expectations of a draw. [EIA/S]

(Additional reporting by Sam Li in Beijing and Siyi Liu ​in Singapore; Editing by Kim Coghill and Edwina Gibbs)

Oil edges up as investors focus on Trump-Xi meeting in Beijing

By Shadia Nasralla LONDON, May 14 (Reuters) - Oil prices edged up on Thursday, with market participants focused on the meeting be...
Serena Williams Reveals She Never Left Daughter Olympia for 24 Hours Until She Was 6 Years Old: 'A Little Extreme'

Serena Williams discussed balancing motherhood and her career during a live podcast taping with Michelle Obama

People Olympia Williams (L) with mother Serena Williams attend a culinary demonstration during the 2025 Bottle Rock Napa Valley festivalCredit: Tim Mosenfelder/FilmMagic

NEED TO KNOW

  • Williams prioritizes being present with her daughters, rarely being away from them for more than 24 hours

  • She recently shared rare family photos on Instagram featuring both of her daughters

Serena Williamsis sharing how she navigates being present with her kids.

The athlete, 44, joined Michelle Obama for a special live taping ofIMO with Michelle Obama & Craig Robinson, where she spoke with the former first lady about motherhood and how she balances her career with raising her two daughters. Williams shares her daughters, Adira, 2, and Olympia, 8, with husband Alexis Ohanian.

"I really try to be a present parent," Williams began. "And sometimes that's hard, especially with the lives that we live; it's very hard to be present, but I try to be extremely present."

Asked how she manages to stay present, Williams told Obama that everything she does is "around my kids."

Never miss a story — sign up forPEOPLE's free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories.

"I'm never gone more than 24 hours, ever," she explained. "I didn't leave Olympia until she was 6 for 24 hours. That may have been a little extreme, but that's who I am."

Advertisement

"And so for me, I show up as much as I can every single day for the girls. Because I feel like they mean the most to me, and I feel they need me, and they need to make sure, I wanna raise my children. I'm a person that's raising my kids, and that's teaching them how I want them to live and how I want them to be."

Last month, Williams shared a carousel of rare family photoson Instagramrecounting her Easter weekend. In one photo, Williams could be seen wearing a blue printed dress and a blue belt, posing in front of her two daughters.

Williams' older daughter, Olympia, held up a peace sign, wearing a white dress with flowers. Her little sister, Adira, threw up her own mini peace sign, posing in a blue dress with flowers.

Another photo showed Williams and her two daughters standing alongside her husband. The Reddit co-founder smiled while holding Adira in the family photo.

"I don’t share these moments often, but being their mom is my favorite place to be," Williams wrote in her caption. "I’m with them 363 out of 365 days a year — and I wouldn’t trade it for anything. This weekend was everything."

Read the original article onPeople

Serena Williams Reveals She Never Left Daughter Olympia for 24 Hours Until She Was 6 Years Old: 'A Little Extreme'

Serena Williams discussed balancing motherhood and her career during a live podcast taping with Michelle Obama NEED TO KNOW ...
Inside the furor plaguing Democratic National Committee leader Ken Martin

NEW YORK (AP) — Democrats keep winning at the ballot box. And yetKen Martin, the man leading the Democratic National Committee, is facing a crisis of confidence among party officials who are increasingly concerned about the health of their political machine barely a year into his term.

Associated Press FILE - Democratic National Committee chair Ken Martin speaks during an interview with The Associated Press at DNC headquarters, Jan. 12, 2026, in Washington. (AP Photo/Allison Robbert, File) FILE - Democratic National Committee chair Ken Martin speaks during an interview with The Associated Press at DNC headquarters, Jan. 12, 2026, in Washington. (AP Photo/Allison Robbert, File) FILE - DNC chair candidate Ken Martin speaks at the Democratic National Committee Winter Meeting in National Harbor, Md., Feb. 1, 2025. (AP Photo/Rod Lamkey, Jr., File)

US Election 2026 Democrats

Major donors aren’t giving. Liberal influencers are publicly questioning Martin's refusal to release an internal report on the party's failures. And Democratic operatives have begun informal discussions about recruiting a new chair, even as most believe that Martin's job isn't in serious jeopardy ahead of the midterm elections.

Amanda Litman, who leads the Democratic-allied organization Run For Something, said she's been approached by senior strategists in recent days gauging her interest in replacing Martin. She declined but said many in the party have lost faith in the DNC leader.

“I think it’s a really hard job, and also Ken is not doing it very well,” Litman told The Associated Press. “I honestly think he’s going to have a hard time rebuilding trust.”

Part of the challenge for those Democrats frustrated with Martin, she said, “is that there’s not really an alternative.”

The criticism has gotten to Martin, said two people who insisted on anonymity to describe private conversations. They said he's become increasingly paranoid, even inside party headquarters in Washington, where he did not install his own team after taking over last year.

Martin tries to press forward

The handwringing comes in spite ofthe Democratic Party'sundeniable success in the vast majority of elections under Martin's leadership, which coincides withRepublican President Donald Trump'sreturn to the White House. Democrats over the last year have dominated races for governor and special elections for state legislative and congressional seats. They've also won campaigns for state supreme court, county executive and even county sheriff.

Less than six months before the 2026 midterm elections, however, the concern over Martin's leadership is, at best, an unwanted distraction for a party desperate to breakthe Republican Party'sgrip on power in Washington. And, at worst, the conflict will make it harder for Democrats to win in November, while undermining faith in the DNC as it coordinates the party's next presidential nomination process.

Martin declined to comment for this article. He has sought to avoid media interviews over the last week, preferring to keep his head down while focusing on improving the DNC's financial health and scouting potential sites for the presidential convention in 2028.

While in Denver, for example, Martin hosted a crowded fundraising event before three private one-on-one donor meetings in between calls to more donors in other cities.

Former DNC ChairJaime Harrison, whom Martin replaced, said he’s upset and frustrated by those in his party who are publicly challenging Martin's leadership. Harrison was especially angry with Democratic operatives from the podcast “Pod Save America,” who pressed Martin during a recent episode about why he reneged on a promise to release a post-2024 election autopsy.

Even Martin's close allies described the interview as a cringeworthy moment for the first-term chair.

“Am I happy with everything that goes on in the party? No. Am I happy with leadership that sometimes you get? No. But do you see me going out at this juncture trying to make that case? This is not the moment for that,” Harrison said. “We have to be as strong as we possibly can going into November, because we have to win. Once we win, we can fight like hell.”

Asked if he thought Martin's job was at risk, Harrison said, “I don't think so.”

Martin's gamble

Martin is leaning into a 50-state spending strategy that his supporters privately acknowledge is risky.

The DNC each month is distributing $1 million among party organizations in every state and key U.S. territories, besides allocating $5,000 more per month to nearly two dozen Republican-controlled states, to help build party infrastructure.

Advertisement

The investments are overwhelmingly popular with local leaders even as the DNC struggles financially.

The national party reported $22.1 million cash on hand with $18.4 million in debt at the end of March, according to its most recent federal filing. The Republican National Committee, by contrast, reported $116.8 million in the bank with zero debt.

Despite the criticism, DNC national finance co-chair Chris Lowe said the cash disparity is the result of an intentional strategy Martin outlined when running for chair and has executed since taking over the building.

“We made a conscious decision to spend money,” Lowe said. “His view, and I would agree with this view, is the best way to position ourselves for the presidential (election) in ’28 is not just to amass a bunch of money, it’s to have a history of winning elections all across the country up and down the ballot. And that’s what we’ve done.”

Lowe notes that Martin raised more money in his first year as chair than anyone else in an equivalent year when the Democrats did not have the White House. And in 2026 so far, he said, the committee has exceeded its big-dollar fundraising targets every month.

DNC member Michael Kapp, a vocal Martin ally from California, said that he'd “love to have big donors come on board” but that the committee's bank account isn't what matters most.

“Republicans can brag about having more money but they’re not spending it, and they’re not winning,” Kapp said. “At the end of the day the scoreboard matters more than the spreadsheet.”

The secret autopsy

Beyond fundraising, the furor around Martin's leadership centers on his refusal to release the DNC's internal study of the 2024 election — known inside the DNC as the “after-action report” — despite his past promises to do so on his first day as chair.

Kapp, as is the case with many of Martin's allies, said “it's certainly something that should be made public,” but he's willing to accept Martin's argument that it's too close to the November midterm elections to release the autopsy now.

“I know there are lessons to be learned from that,” he said of the report. “I trust Ken. I’ve known the man for 10 years. But at this point, when we’re six, seven months away from the midterms, we need to be focused on the midterms.”

Martin has been aggressively courting big-dollar donors, despite their demonstrated reluctance to give to the committee. He acknowledged pressure related to the autopsy in some of the conversations and indicated changes could be coming soon, according to two people with direct knowledge of the discussions but not authorized to share them.

As Martin looks ahead to 2028, when the DNC is tasked with building out the political infrastructure for the party's next presidential nominee, some presidential prospects are approaching the intraparty conflict with caution.

Kentucky Gov.Andy Beshear, who is expected to launch a presidential bid, did not answer directly when asked whether Martin should continue to lead the DNC.

“Ken and I work well together. And I say that being somebody who wasn’t originally on board,” Beshear said. “But he made an effort to reach out to me. And, listen, I want to work with whoever’s there. We need a healthy DNC. We need it to work.”

AP writer Joey Cappelletti in Washington contributed.

Inside the furor plaguing Democratic National Committee leader Ken Martin

NEW YORK (AP) — Democrats keep winning at the ballot box. And yetKen Martin, the man leading the Democratic National Committee, is faci...

 

Super Mario © 2015 | Distributed By My Blogger Themes | Designed By Templateism.com