USTR Greer, on the Strait of Hormuz, says the US is insulated from supply chain effects; US is monitoring global effects; Hormuz did not come up in conversations with China

The comments from USTR Greer indicate a reassurance regarding the stability of US supply chains despite ongoing concerns around the Strait of Hormuz. By stating that discussions with China did not focus on this region, it suggests a potential lack of immediate geopolitical tensions affecting US-China trade dynamics. This could provide a sense of security for markets sensitive to oil supply risks, likely dampening immediate volatility in energy prices and related assets.