US President Trump says China is very happy that he permanently opening the Strait of Hormuz... and President Xi will give him a big, Fat, hug when he gets there in a few weeks

This statement from President Trump implies a notable easing in U.S.-China tensions, particularly concerning energy supply routes like the Strait of Hormuz. The assurance of cooperation with China, coupled with claims of disarmament regarding Iran, could reduce geopolitical risk in energy markets, potentially stabilizing oil prices and benefiting commodities. Traders should monitor market sentiments around energy assets and the broader implications for currency pairs as the narrative unfolds.