Chinese vessels exit Strait of Hormuz amid Beijing’s opposition to Iranian tolls

The post US President Donald Trump hopes US-China relationship ‘will be better than ever before’ appeared on BitcoinEthereumNews.com. US President Donald Trump said that he hoped the relationship between the US and China would be “stronger and better than ever before” ahead of a second day of talks with Chinese President Xi Jinping in Beijing, the Wall Street Journal reported on Thursday. “They look forward to trade and doing business. It’s going to be totally reciprocal on our behalf,” said Trump in opening remarks during his meeting with Chinese leader. Trump added in his Truth Social post that Xi had congratulated him on “so many tremendous successes,” including the US’ relationship with Venezuela, its job market as well as its military.  On Iran, Trump said that Xi offered help to resolve the conflict and pledged not to provide military equipment to Iran. Xi also wants to see the critical Strait of Hormuz reopened.  Market reaction As of writing, the AUD/USD pair is up 0.01% on the

The trade talks could reshape global tech supply chains, impacting sectors from AI to agriculture, and influence digital asset markets. The post Trump leads delegation of 17 executives to Beijing for trade talks appeared first on Crypto Briefing.

The post Trump Signals Stronger U.S.-China Ties During Beijing State Visit appeared on BitcoinEthereumNews.com. Trump Signals Stronger U.S.-China Ties During Beijing State Visit Skip to content Home Crypto News Trump Signals Stronger U.S.-China Ties During Beijing State Visit Source: https://bitcoinworld.co.in/trump-signals-stronger-us-china-ties-beijing-visit/

Iran's toll on the Strait of Hormuz could trigger global shipping route changes, impacting energy markets and prompting similar policies elsewhere. The post Iran imposes $1M toll on Strait of Hormuz transits, impacting global oil flow appeared first on Crypto Briefing.

The post Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks appeared on BitcoinEthereumNews.com. The recent summit between US President Donald Trump and Chinese President Xi Jinping, held in Beijing on May 14–15, was a critical event as both nations attempted to navigate through mounting economic frictions. A side effect of the diplomatic discussions was an unexpected rise in Bitcoin‘s value, which increased by 2.3 percent, reaching $96,800. Continue Reading:Bitcoin Sees Unexpected Growth Amid High-Level US-China Talks Source: https://en.bitcoinhaber.net/bitcoin-sees-unexpected-growth-amid-high-level-us-china-talks

The post 30 China-linked vessels transit Strait of Hormuz under Iranian supervision appeared on BitcoinEthereumNews.com. ## Market Snapshot Strait of Hormuz Traffic by May: 0.2% YES for May 15, 7.5% YES for May 31. Strait of Hormuz Ship Transit by May 31: 64% YES for 20 ships, 26% YES for 40 ships, 9% YES for 80 ships. Prices have fluctuated notably in the last 24 hours. ## Key Takeaways – The confirmed transit of 30 China-linked vessels under Iranian supervision suggests an increase in traffic consistency. – Market pricing indicates a higher likelihood of achieving normal traffic levels by the end of May. – The recent developments appear supportive of a YES outcome for ship transit markets, reflecting increased operational continuity. ## Article Body In a significant development amid the ongoing US-Israeli conflict with Iran, approximately 30 China-linked vessels have transited the Strait of Hormuz under Iranian supervision in the last 24 hours. This marks the third passage of Chinese

The post Scott Bessent says China will quietly pressure Iran to reopen Strait of Hormuz appeared on BitcoinEthereumNews.com. U.S. Treasury Secretary Scott Bessent said China is expected to press Iran privately to get the Strait of Hormuz open again, because Beijing is sitting right in the middle of the oil problem. Scott said on Thursday that China has more at stake than the United States because it buys a huge amount of crude from the Middle East and gets nearly all of Iran’s exported oil. He told Joe Kernen, “It’s very much in their interest to get the strait reopened.” Scott then added, “I think they will be working behind the scenes to the extent anyone has any say over the Iranian leadership.” China is the world’s biggest crude oil importer. In the year 2024, roughly 10% of its crude oil imports were from Iran, while over 50% of all imports were from the Middle East, according to the U.S. Energy Information Administration. As Scott pointed out, almost every barrel Iran exports to

The post China: US talks, yuan push and geopolitics – Rabobank appeared on BitcoinEthereumNews.com. Rabobank’s Global Strategist Michael Every outlines China’s central role in current geopolitical and financial dynamics. Every covers Trump’s visit to Beijing and potential outcomes from US-China talks, questions over a possible Grand Bargain, and China’s leverage over Iran. It also notes Euroclear’s consideration of China onshore bonds and Beijing’s efforts to promote yuan internationalisation. US-China talks and yuan strategy “In Eastenders, Trump, with a billionaire CEO entourage, is meeting Xi after posting in Air Force One that he will be asking him “to ‘open up’ China so that these brilliant people can work their magic, and help bring the People’s Republic to an even higher level!”” “Indeed, as some talk of UK Labour going back to the 1970s, the US language is also of Nixon–Mao 2.0, albeit from a very different starting point.” “Everybody gets how important these talks are, but few