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What The Strait Of Hormuz Crisis Means For Trump-Xi Talks
The ongoing Iran war is casting a shadow over U.S. President Donald Trump’s upcoming summit with Chinese President Xi Jinping, as rising energy prices and economic uncertainty continue to pressure the U.S. economy. According to the report, the closure of the Strait of Hormuz has sharply disrupted global oil supplies, driving gasoline prices higher across the United States. Brent crude oil has climbed significantly since the conflict began, while analysts warned prolonged disruption could deepen inflation and damage consumer confidence. The report said Trump’s approval ratings have weakened despite strong stock ... (full story)