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U.S. President Donald Trump traveled to China this week for two days of meetings with Chinese President Xi Jinping, after a year of heightened trade tensions.
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Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman.
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Iranian news agencies said some Chinese ships were being allowed through the strait, following diplomatic outreach to Iran from Beijing.
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Investors are monitoring Day 2 of a high-stakes Xi-Trump summit in Beijing after the first day signaled an easing of trade tensions and some deals.
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Trump praised China's leader and emphasized their personal bond as both sides sought to steady relations despite tensions over Iran, trade and global power.
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