Pompeo Fails to Sway Allies on Iran in Awkward Surprise Visit

• U.S Secretary of State Michael Pompeo received a cool response from European Union allies at a meeting in Brussels where he tried to persuade leaders in the region to take a harder line towards Iran.
• EU foreign policy chief Federica Mogherini called for “maximum restraint from all sides.”
• Trump warned that Iran will “suffer greatly” if it does anything that leads to an outbreak of hostilities with the U.S.
• Between geopolitical tensions and the trade war, the oil market is getting pulled in different directions, with the May 13 drone attack on Saudia Arabian pump stations being the latest force sending oil prices higher.

(Source: Bloomberg)