The Rest of the World Report | May 11 - Evening Edition

Trump flies to Beijing Wednesday. Araghchi flies to New Delhi the same day. One summit gets the headlines. The other is where Iran's negotiating architecture gets built. American coverage has noted the BRICS meeting in passing. It has not treated it as what it is.① The Beijing summit is about Iran, Taiwan, and what Trump trades to get a deal. China's primary agenda item is not Hormuz. It is Taiwan. ② Saudi Aramco reported record profits today on the same call its CEO called this the largest energy shock in history. Markets won't normalize until 2027 if Hormuz stays closed past mid-June. ③ The UAE was secretly striking Iran while publicly presenting itself as a victim. The Wall Street Journal confirmed it today, citing American officials."Whenever the people are well informed, they can be trusted with their own government." — Thomas Jefferson, 1789 Get full access to The Rest of the World Report at www.restoftheworldreport.com/subscribe