Morning News: May 28, 2026 Iceland Ousts Switzerland as Priciest Nation, Union Says Strait of Hormuz Traffic Fades to a Crawl After Supertankers Exit Trump’s Bind Deepens With Hormuz Shut and Hawks Pushing War Oil Prices Climb on Renewed Hostilities in Middle East What Plunging Pork Prices Say About China’s Economy World’s Appetite for AI Makes China Less Afraid of Stronger Yuan There Was No “China Shock,” There Was a Big China Boom What Is Joint Debt and Why Is Europe Talking About It Again?