President Donald Trump is heading to Beijing for a summit with Chinese President Xi Jinping on May 14-15. The talks will focus on the escalating conflict with Iran, China's economic ties with Iran and Russia, and ongoing trade tensions.
Originally planned for March, the meeting was delayed after US-Israel military strikes on Iran heightened regional instability.
China imports roughly 60% of its oil through the Strait of Hormuz. A US blockade at this critical chokepoint between Oman and Iran would place Beijing in a precarious position. Trump has signaled his intent to pressure China over its continued support for Tehran and Moscow.
For investors, energy-related tokens have seen short-term volatility tied to rising oil costs. The outcome of the summit-and what happens to the Strait of Hormuz afterward-will determine market direction.
The summit marks the first face-to-face meeting between the two leaders since October 2025.