Beijing: Trump, Xi pledge to block Iranian nuclear arms
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In Beijing on Friday, U.S. President Donald Trump said he and Chinese President Xi Jinping agreed that Iran should not obtain nuclear weapons and that the Strait of Hormuz must remain open to shipping. The comments came during the final leg of Trump’s state visit to China, which the White House is promoting as a diplomatic success amid an ongoing Iran war that has disrupted global energy flows. Reuters reported that Iran has effectively closed the strait to most traffic in response to U.S. and Israeli attacks that began February 28, pushing oil prices up about 3 percent to nearly $109 a barrel.
Prepared by Lauren Mitchell and reviewed by editorial team.
Timeline of Events
- February 28, 2024 U.S., Israeli attacks on Iran begin
- Following weeks Iran restricts Hormuz shipping traffic
- Last month United States pauses direct strikes temporarily
- Last month Washington begins blockade of Iranian ports
- Recent weeks Tehran demands blockade be lifted
- Friday Trump, Xi discuss Iran and Hormuz
- Friday Trump stresses preventing Iranian nuclear weapons
- Friday Oil prices climb on prolonged regional conflict
Why This Matters to You
The Iran conflict is pushing oil prices up. That means you could pay more at the gas pump. It could also raise costs for goods shipped by truck. Check your budget. Plan for possible price hikes.
The Bottom Line
Trump and Xi are working to prevent Iran from getting nuclear weapons. They also want to keep the Strait of Hormuz open. This is key for global energy flows. Worth forwarding if you know someone worried about gas prices.
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