STRAIT OF HORMUZ WILL BE HIGH ON AGENDA IF STILL CLOSED WHEN TRUMP GOES TO CHINA THIS MONTH-CHINA'S U.N. ENVOY

China's U.N. envoy stated that the closure of the Strait of Hormuz will be a significant topic during President Trump's upcoming visit to China if the situation persists. This statement highlights the geopolitical risk associated with the strait, a critical chokepoint for global oil shipments, which could affect oil prices and supply stability. The potential for heightened tensions may influence risk appetite among investors, particularly in energy markets and related equities. Traders will be particularly focused on any developments regarding the strait's status and the implications for oil supply, especially with OPEC+ production dynamics in play. The upcoming discussions between U.S. and Chinese officials are expected to provide further clarity on this issue.

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