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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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Trump's comments come after he called on several countries to send warships so as to secure the critical waterway
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President Donald Trump voices frustration at the lack of help from allies in supporting tankers through the Strait of Hormuz.
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The statistics bureau said that China's energy supply is "relatively strong," while announcing an uptick in domestic production.
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Iran's critical oil export hub Kharg Island is now in U.S. President Donald Trump's sights, with Trump threatening strikes on the island's oil infrastructure.
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Global oil prices have soared as one-fifth of the world's supply normally transits the strait.
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The remarks came as Treasury Secretary Scott Bessent met his Chinese counterpart He Lifeng in Paris, paving the way for the summit scheduled for late March.
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The impact in the UK of the ongoing conflict in the Middle East features on Monday's front pages.
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U.S. crude oil passed $100 per barrel Sunday, continuing its surge despite efforts by the Trump administration and allied countries to slow rising prices.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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The email solicitation to benefit Trump's PAC also offers donors "private national security briefings."
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