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Trump, Xi Discuss Expanded US Oil Sales to China Amid Middle East Supply Concerns

President Donald Trump met with Chinese counterpart Xi Jinping in Beijing this week, with energy trade emerging as a central topic of discussion. Trump indicated that Xi expressed openness to increasing purchases of US crude oil, according to statements from the American delegation. The talks also addressed China's current sourcing from Iranian supplies, a longstanding point of friction between Washington and Beijing. Oil markets remained volatile ahead of and during the summit, with traders monitoring whether the discussions would yield concrete commitments on energy flows. However, the summit produced limited tangible progress on securing stable transit through the Strait of Hormuz, a critical chokepoint for global energy supplies. The outcome underscored ongoing challenges in reshaping energy trade relationships between the world's two largest economies.