Trump-Xi talks steady oil prices as Hormuz risks persist (opens in new tab)

Oil prices hovered near $100 a barrel on Thursday after President Trump met Chinese President Xi Jinping in Beijing, with traders watching whether the talks would address the Iran war and disruptions around the Strait of Hormuz. Brent crude was quoted at $105.89 a barrel and U.S. West Texas Intermediate at $101.34 at 0250 GMT; prices later flattened after Iranian state media said about 30 vessels had crossed the Strait of Hormuz in recent hours. Trump and Xi discussed Iran and reopening the S...