Oil Prices Rise to $105 as Trump Meets Xi Jinping to Discuss Ending Iran War and Supply Crisis

Key Topics in this News Article:
News Snapshot:

Oil prices rose on Thursday, withmarkets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive result on the Iran war, which has significantly disrupted global oil supply. Aside from trade matters, Trump is expected to encourage China to convince Tehran to make a deal with Washington to end the conflict, but analysts doubt that Xi will be willing to push its long-time strategic partner too hard. Brent crude futures were up 26 cents, or 0.25%, to $105.89 a barrel by 0250 GMT, while U.S. West Texas…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form