CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Global oil prices remained largely stable after the high-stakes meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing raised hopes of improved cooperation between the world’s two largest economies. Investors closely monitored the summit for signs of progress on trade disputes, the Iran conflict, and the ongoing crisis in the Strait of Hormuz, which has disrupted global energy supplies for weeks.
Brent crude continued trading above the $100-per-barrel mark, while West Texas Intermediate (WTI) also held firm as markets weighed geopolitical risks against the possibility of diplomatic engagement between Washington and Beijing. Analysts believe the Trump-Xi discussions could reduce tensions in global trade and encourage coordinated efforts to stabilize oil supply chains affected by the Iran war.
During the summit, Xi Jinping emphasized the importance of cooperation and warned against confrontation over issues such as Taiwan and regional conflicts. Trump, meanwhile, expressed optimism about future US-China relations and broader economic collaboration. Markets reacted cautiously, with investors awaiting concrete policy outcomes and clarity on sanctions, tariffs, and shipping security in the Middle East.
The Strait of Hormuz crisis continues to remain a major concern for global energy markets, as prolonged disruptions threaten oil exports from the Gulf region. Experts warn that any further escalation in West Asia could sharply increase crude prices and trigger inflationary pressures across global economies.
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