The US-Iran ceasefire remains in place, but President Trump’s repeated warnings keep oil prices high, over $110/b. The much-heralded Trump-Xi summit in Beijing was more of a show than substance and did not produce any breakthroughs.
China said that finding a solution to the conflict is beneficial to both the US and Iran, but Xi gave no indication that he will help the US reopen the Strait of Hormuz. Trump,
