New Zealand Budget 2026 Focuses on Fiscal Discipline and Infrastructure Investment 
Gold Prices Steady Ahead of Trump-Xi Meeting as Inflation and Oil Concerns Persist 
Gold Prices Hold Steady as Investors Monitor U.S.-Iran Tensions and Trump-Xi Summit 
Dollar Surges as Inflation Data Fuels Fed Rate Hike Expectations 
CIA Director John Ratcliffe Meets Cuban Officials in Havana Amid Renewed U.S.-Cuba Talks 
BOJ Rate Hike Expectations Grow as Board Member Signals Hawkish Stance 
Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions 
Oil Prices Slip as Strait of Hormuz Disruptions and U.S. Inventory Data Keep Markets on Edge 
Pentagon Halts Planned U.S. Troop Deployment to Poland Amid Europe Force Review 
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks 
US Hosts Israel-Lebanon Talks as Ceasefire Deadline Nears 
Trump and Xi Temple of Heaven Visit Highlights Trade and Diplomacy Goals 
US-China Trade Talks Begin in South Korea Ahead of Trump-Xi Beijing Summit 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
US Plans Imminent Indictment of Cuba’s Raul Castro Over 1996 Plane Shootdown 
U.S. President Donald Trump said China has agreed to significantly increase purchases of American oil and energy products following high-level discussions with Chinese President Xi Jinping in Beijing. Speaking during a pre-recorded interview on Fox News’ Hannity program aired Thursday night, Trump claimed the agreement could strengthen U.S.-China trade relations while expanding American energy exports.
According to Trump, China plans to begin importing more oil from states such as Texas, Louisiana, and Alaska. He stated that Chinese ships would soon begin arriving in these regions to transport U.S. crude oil and energy supplies. Trump emphasized China’s growing demand for energy, describing the country’s appetite for oil as “insatiable.”
The comments came shortly after Trump’s meeting with Xi during his three-day visit to China. While China currently imports only limited amounts of U.S. oil, it remains one of the largest buyers of Iranian crude. U.S. government estimates show China imported roughly 1.4 million barrels per day of Iranian oil in 2025.
Concerns over potential shipping disruptions in the Strait of Hormuz due to the ongoing U.S.-Israel conflict with Iran have raised uncertainty in global energy markets. Despite these tensions, reports indicated that some Chinese oil tankers have continued moving through the key trade route.
Oil prices have surged since the conflict escalated, though Trump said the increases were smaller than expected. He also revealed that Xi expressed support for ending the Iran conflict and opposed Tehran obtaining nuclear weapons. Trump added that Xi agreed China would not provide weapons to Iran.
In addition to energy agreements, Trump claimed China had committed to purchasing 200 Boeing aircraft and discussed opening the Chinese market further to global payment companies like Visa. Chinese officials later confirmed that both leaders reached “new consensus” during the talks, although specific details were not disclosed.
Trump and Xi are expected to continue discussions, with Taiwan reportedly remaining a major focus in negotiations between the two global powers.
