Trump Xi
FILE - President Donald Trump, left, participates in a welcome ceremony with China's President Xi Jinping at the Great Hall of the People, May 14, 2026, in Beijing.
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WASHINGTON (AP) — The first state visit by the leader of China in more than a decade takes p…
President Donald Trump’s conflict with Iran has not led to the doomsday oil price spike many feared at the start of the war. Energy analysts credit China’s oil strategy for this stability. China weathered the energy crunch by building a massive oil reserve and shifting toward electric vehicles and alternative fuels. This allowed China to cut crude imports, easing global demand and softening price effects as oil exports stalled through the Strait of Hormuz. However, tensions in the Middle East continue to pose risks. When Trump and Chinese President Xi Jinping meet this week, the war in Iran and its impact on the global economy are expected to be on the agenda.
