PDB Situation Report | May 16th, 2026: Hormuz Crisis Continues As Iran Retains Missile Power & Trump Meets With Xi Jinping

In this episode of The PDB Situation Report: New intelligence assessments suggest Iran may still retain significant missile capabilities despite weeks of U.S. and Israeli strikes, as the crisis in the Strait of Hormuz continues disrupting global shipping and energy markets. Bill Roggio from the Foundation for Defense of Democracies joins us to break down the latest developments and what they could mean moving forward. We take a closer look at President Trump’s summit with Chinese leader Xi Jinping following a high-stakes visit to Beijing this week. Steve Lance of NTD News joins us to discuss what came out of the meetings and what the talks could mean for the future of U.S.-China relations. To listen to the show ad-free, become a premium member of The President’s Daily Brief by visiting https://PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: youtube.com/@presidentsdailybrief Support Jimmy Lai: Free Jimmy Lai: Stand with the 78-year-old entrepreneur facing a life sentence for defending democracy in Hong Kong—visit https://supportjimmylai.com to take action now. Fox One: Sign up at https://fox.com to watch The PDB show and more on-demand with FOX One. Mars Men: For a limited time, our listeners get 50% off FOR LIFE, Free Shipping, AND 3 Free Gifts at Mars Men at https://Mengotomars.com