President Donald Trump said his Chinese counterpart Xi Jinping likes the idea of buying more US oil, as the leaders meet in Beijing.
Trump made the comments in an interview with Fox News, after a White House official on Thursday said China was interested in purchasing more US crude to reduce its dependence on the Strait of Hormuz. The crucial waterway has been effectively closed since the Iran war began in late February, bottling up roughly a fifth of the world’s oil and liquefied natural gas flows, driving up prices.
