U.S. President Donald Trump has stated that Chinese leader Xi Jinping opposes the imposition of a toll at the Strait of Hormuz, a critical global shipping route.
This comes amid ongoing tensions in the region, with the U.S. maintaining a blockade of the strait until a nuclear deal with Iran is reached.
The Strait of Hormuz is a vital artery for global oil and gas shipments, and any disruption to its operations could have significant implications for energy markets.
The Strait of Hormuz has been a focal point of geopolitical and economic concerns in recent weeks.
The U.S. has previously rejected offers from Iran to reopen the strait, and the latest developments suggest that international pressure is mounting.
Energy markets are particularly sensitive to any changes in the flow of oil through the region, and the potential for further escalation remains a key risk for traders and investors.