Iran said transit through the Strait of Hormuz will normalize once security conditions are restored, after US President Donald Trump returned from a visit to China with an agreed desire to reopen the critical maritime route but little in the way of a path to achieving it.
Australia’s liquefied natural gas sector is facing the prospect of industrial action at major export operations, adding another supply risk for Asian buyers already scrambling for cargoes after disruptions in the Middle East.
President Donald Trump said his Chinese counterpart Xi Jinping likes the idea of buying more US oil, as the leaders meet in Beijing.
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