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He tells US lawmakers his address comes the two nations' relationship is "more important" than ever "in times of great uncertainty".
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Defense Secretary Pete Hegseth will face questioning from members of Congress for the first time since the Iran war began
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The alert said China purchases approximately 90% of Iran's oil exports, with teapot refineries accounting for the majority of these imports.
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The United Arab Emirates' decision to leave OPEC has rocked the region, underscoring how the country, at odds with Saudi Arabia, is increasingly charting its own course.
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The group of oil-producing countries supplied more than 25 percent of the world's oil before the war in Iran. Its members have influenced energy markets through the years.
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The departure weakens the Organization of the Petroleum Exporting Countries, long criticized by Trump, as the global economy reels from the Iran war energy shock.
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Negotiations to end the war appear to have hit an impasse over Iran's nuclear future. Without a deal in place, the Strait of Hormuz remains mostly shut.
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Several warning lights are flashing that have some wondering whether we are in the foothills of another financial crisis.
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