US Treasury Secretary Bessent says purpose of these talks is to prevent retaliation and discussed China receiving energy from the Gulf; encouraged China to be good international partners

The comments from US Treasury Secretary Bessent highlight a push to stabilize US-China relations by averting retaliatory actions, particularly in the context of energy discussions. This underscores the broader geopolitical dynamics affecting global markets, as cooperation or conflict between these two powers can significantly influence commodities, particularly energy prices, and risk sentiment across equities and currencies.