Workers are seen in a steel casting workshop in Lianyungang, in China's eastern Jiangsu province on April 28, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

A worker carries a red hot steel bar in a steel casting workshop in Lianyungang, in China's eastern Jiangsu province on April 28, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Workers are seen in a steel casting workshop in Lianyungang, in China's eastern Jiangsu province on April 28, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Traders work on the floor at the New York Stock Exchange in New York, Monday, April 13, 2026. (AP Photo/Seth Wenig)

Gas prices exceeding $8 a gallon are seen listed at a Chevron gas station in Los Angeles, California, on April 28, 2026. Oil prices jumped on April 28 to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. (Photo by Frederic J. BROWN / AFP via Getty Images)

Gas prices are listed on a board at a Circle K gas station in Rosemead, California on April 28, 2026. Oil prices jumped on April 28 to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. (Photo by Frederic J. BROWN / AFP via Getty Images)

Gas prices exceeding $8 a gallon are seen listed at a Chevron gas station in Los Angeles, California, on April 28, 2026. Oil prices jumped on April 28 to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. (Photo by Frederic J. BROWN / AFP via Getty Images)

Gas prices exceeding $8 a gallon are seen listed at a Chevron gas station in Los Angeles, California, on April 28, 2026. Oil prices jumped on April 28 to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries. (Photo by Frederic J. BROWN / AFP via Getty Images)