Hormuz Flows Ease Oil Fears, Saudi Air-Raid Alerts, Qatar Urges Gulf Unity, Trump-Xi Summit Nears

Oil extended losses as crude and LNG shipments through the Strait of Hormuz climbed to a six-month high, easing near-term concerns over energy-flow disruptions. Asian equities edged higher, while the yen weakened after the Bank of Japan disappointed markets, underscoring continued policy-driven pressure on Japan's currency.