Xi Jinping's decision to meet with Kuomintang Chairman Eric Chu in Beijing was driven in part by pressure from ongoing military purges that have hollowed out the People's Liberation Army's senior leadership, according to analysis of the encounter. The purges, which have removed and investigated multiple high-ranking PLA officers over corruption and insubordination, have constrained Beijing's credible use of military signaling as a tool of cross-strait coercion. With hard-power leverage diminished in perception if not in capability, Xi appears to have turned toward political engagement to sustain influence over Taiwan's internal debate. The KMT, historically more accommodating toward cross-strait dialogue than the ruling Democratic Progressive Party, offers Beijing a channel to shape Taiwanese public opinion ahead of future electoral cycles. The meeting signals that Beijing may be recalibrating its Taiwan strategy away from military intimidation and toward political-track pressure, at least in the near term. Observers should watch whether the outreach translates into concrete policy gestures or remains primarily symbolic.
Qatar's foreign ministry said mediators including Qatar, Pakistan, and Oman have reached "very progressive stages" in efforts to end the US-Iran war, pushing Brent crude down more than four percent.
Qatar confirmed it is mediating between the US and Iran but said no direct talks are currently planned. The clarification follows conflicting statements from President Trump, who claimed talks are under way, and Tehran, which denied any dialogue is happening.
Saudi Aramco reported sharply higher second-quarter 2026 profits as the Iran war restricts global oil supply and pushes crude prices up. Other oil supermajors also posted outsized earnings, raising concerns about sustained fuel cost pressure for importing economies.
President Trump called current Iran negotiations the "last chance" to end five months of conflict, pushing oil prices higher. Tehran denied formal talks are taking place, raising the risk of a diplomatic breakdown with direct consequences for global energy markets.