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Trump-Xi Talks Set to Tackle Iran Oil Lifeline, Strait of Hormuz and U.S. Energy Deals
The summit could revive U.S. energy sales to China as Brent crude has climbed about 65% since the conflict began, analysts said.
- President Donald Trump arrives in Beijing on Wednesday for his first state visit to China since 2017, heading into a two-day summit with President Xi Jinping amid the International Energy Agency's call of the Strait of Hormuz blockade as 'the largest supply disruption in the history of the global oil market.'
- The Strait of Hormuz handles about 20% of global oil trade, but has been largely blocked since Iran's Revolutionary Guard began enforcing shipping restrictions, trapping around 13 million barrels daily and driving Brent crude roughly 65% higher to above $113 per barrel.
- Trade Representative Jamieson Greer confirmed this week that Trump will press Xi directly on China's Iranian crude purchases. 'From Washington's perspective, those purchases are funding the very conflict that shut down the world's most critical energy chokepoint,' Greer told Bloomberg TV.
- Melanie Hart, senior director of the Atlantic Council's Global China Hub, told reporters yesterday that China remains resilient despite the disruption, supported by strategic reserves Beijing built to around 360 million barrels by December.
- China is expected to announce U.S. energy purchases at the summit with a potential Alaska LNG deal on the table, though analysts caution the real diplomatic win would be leaving Beijing without triggering a fresh crisis as LNG markets remain under political pressure.
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Iran war raises stakes for US and China ahead of Trump-Xi talks as ties strain further
BEIJING, May 13 — The Iran war has strained US-Chinese ties further and looks set to dominate the May 14 to 15 summit between US President Donald Trump and his Chinese counterpart and host Xi Jinping in Beijing. Below are the key issues at stake for Washington and Beijing as the US-Israeli war with Iran reshapes calculations in their broader relationship:Iran ceasefire talks US Treasury Secretary Scott Bessent has said that the two presidents …
·Selangor, Malaysia
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Coverage Details
Total News Sources21
Leaning Left5Leaning Right5Center3Last UpdatedBias Distribution39% Left, 38% Right
Bias Distribution
- 39% of the sources lean Left, 38% of the sources lean Right
39% Left
L 39%
C 23%
R 38%
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