Highlights:

• Trump's Delay of Xi Visit Echoes Pattern of Last-Minute Changes — President Trump has used last-minute switches on foreign travel and state meetings as a leverage tool to seek diplomatic advantage. Bloomberg Politics

• Japan Stays Guarded on Trump's Ship Demands Ahead of Summit — Japan's defense minister said the US hadn't made a specific demand for Tokyo to send ships to the Middle East, despite media reports of exploration ahead of a summit this week. Bloomberg Economics

• Afghanistan Says 400 Killed in Pakistan Airstrike on Kabul Hospital — Afghanistan accused Pakistan of launching an airstrike that killed at least 400 people at a drug treatment hospital, marking a potential major escalation between the neighbors. Bloomberg Politics

• Oil Jump to Stir BOJ's Worry Over Risk of Inflation Overheating — The Bank of Japan is expected to hold policy this week but will deliberate whether surging oil prices warrant preemptive action to prevent inflation overheating. Bloomberg Economics

• Rubio Urges Korea to Back Hormuz Efforts as Trump Ups Pressure — US Secretary of State Marco Rubio urged South Korea to help reopen the Strait of Hormuz as part of Trump's broader push to engage security allies. Bloomberg Economics

• Japan's Katayama Says FX Moves Not In Line With Fundamentals — Japan's finance minister reiterated that recent currency moves diverge from fundamentals and warned of possible corrective action by authorities. Bloomberg Economics

• UAE Reopens Airspace After Brief Shutdown Amid Iran Strikes — The UAE reopened its airspace early Tuesday after a precautionary full shutdown during which it intercepted drones and missiles. Bloomberg Politics