How Iran conflict and Xi meeting delay could reshape US-China leverage

President Donald Trump’s decision to delay a planned meeting with Chinese President Xi Jinping as the U.S.’ conflict with Iran unfolds is raising a new question in Washington: whether pressure on global oil flows is factoring into U.S. leverage with Beijing. The summit originally had been planned for March 31 to April 2, but Trump said March 16 that he had asked China to delay it by “a month or so,” explaining, “We got a war going on. I think it’s important that I be here.” The following day, Trump said the meeting would instead take place in “about five…