US Treasury Secretary Bessent thinks China will do what it can regarding the Strait of Hormuz
Treasury Secretary Bessent's comments suggest that China is poised to take action concerning the Strait of Hormuz, a critical shipping lane.
Chinese President Xi says China-US ties have been stable via talks with US President Trump; had in-depth exchange of views with Trump today
UK regulator CMA is investigating Microsoft’s (MSFT) position in business software, including products used by UK organisations, and how this affects businesses and public sector bodies
US Treasury Secretary Bessent thinks China will do what it can regarding the Strait of Hormuz
The transit of Chinese vessels through the Strait of Hormuz started on Wednesday following an understanding over Iran's management protocols, Fars News reports
Iran's Deputy Secretary of the National Security Council Bagheri says "although this war began with Iran, it is not limited to Iran and will spread and expand if there is inaction and inaction against it. Any weak response is an invitation to more war"
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This indicates potential geopolitical tensions that could affect energy markets and security dynamics in the region, particularly if actions escalate. Traders should monitor oil prices and related assets, as uncertainty could drive volatility.
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