Could Iran Not Be on Agenda During US-China Summit?

Summary

Josh Lipsky from the Atlantic Council discusses the US-China summit, suggesting Iran will not be on the agenda. He argues oil prices could rise due to the ongoing Strait of Hormuz closure and market underpricing of the crisis. He also covers AI competition and tariff uncertainty.

• Iran unlikely to be a focus of Trump-Xi summit.
• China has stockpiled oil but will still feel economic pain.
• Both US and China have economic weaknesses heading into talks.
• Lipsky expects oil prices to rise from current levels.
• Markets may be underestimating the duration of the Strait closure.
• AI race: US has no equivalent to DeepSeek in China.
• Tariff uncertainty remains with potential Section 301 duties.