He said the summit could be postponed if Trump chooses to remain in Washington, D.C., while the war situation unfolds, emphasising that the delay should not be interpreted as a diplomatic setback between the two countries. Recent economic discussions between officials from both sides have continued, indicating that communication channels remain open.
Bessent also pointed to signs of easing tensions in the strategically important Strait of Hormuz, noting that more fuel shipments are beginning to move through the waterway, including vessels from India and Iran.The Strait of Hormuz is one of the world’s most critical energy chokepoints, handling roughly one-fifth of global oil consumption, and disruptions there can significantly affect global energy markets.
His remarks come as the conflict in West Asia continues to create volatility in oil markets and global trade flows, while Washington and Beijing maintain dialogue on trade and economic cooperation.
