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Trump: spoke with Xi about lifting sanctions on Chinese companies that buy Iranian oil

ABOARD AIR FORCE ONE, May 15 (Reuters) – U.S. President Donald Trump said on Friday ​he discussed lifting sanctions on Chinese companies that buy Iranian ‌oil during his visit to Beijing and will make a decision soon. The U.S. recently imposed sanctions on several Chinese oil refiners for buying Iranian oil, ​including Hengli Petrochemical, one of the country’s largest private ​refiners and a symbol of Beijing’s drive to ⁠modernize and upgrade the industry. “We talked about that and ​I’m going to make a decision over the next ​few days,” Trump told reporters aboard Air Force One shortly after leaving Beijing

India signs agreements with UAE on defence, energy during Modi visit

NEW DELHI/DUBAI, May 15 (Reuters) – India ‌and the United Arab Emirates agreed the framework for a strategic defence partnership on Friday during Prime Minister Narendra Modi’s visit to the Gulf nation, the Indian foreign ministry said, as they seek to deepen ties amid the Iran war. India and the UAE also ​signed pacts on strategic petroleum reserves and supply of liquefied petroleum gas, the ministry said in ​a statement. Under the strategic defence partnership, “the two sides have agreed on deepening defence industrial ⁠collaboration and cooperation on innovation and advanced technology, training, exercises, maritime security, cyber defence, secure communications

BRICS ministers fail to issue a joint statement over differences on conflict in the Middle East

NEW DELHI, May 15, 2026 (AP) — A two-day meeting of foreign ministers from the BRICS nations concluded in New Delhi on Friday without a joint statement because of “differing views among some members” on the situation in the Middle East, host India said. The differences highlighted the challenge of maintaining unity within the bloc as it seeks to expand its influence. The Indian statement said members expressed “their respective national positions and shared a range of perspectives” on issues including sovereignty, maritime security and the protection of civilian infrastructure and civilian lives in the Middle East. It also included

Stock markets close lower as weak rupee, inflation fears after fuel price hike weigh on sentiment

Mumbai, May 15 (PTI) Benchmark equity indices Sensex and Nifty surrendered early gains to close lower on Friday due to selling in metal, oil & gas and PSU bank shares and caution among investors amid surging crude oil prices. The 30-share BSE Sensex dropped 160.73 points, or 0.21 per cent, to settle at 75,237.99, after swinging between gains and losses during the session. The benchmark had rallied nearly 470 points in early trade before losing momentum. The 50-share NSE Nifty settled lower by 46.10 points, or 0.19 per cent, at 23,643.50, snapping its two-day gaining streak. Tata Steel, State Bank

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