US-China summits yield no Hormuz breakthrough; Trump weighs Iran strikes

Two US-China summits produced shared language but no agreement on reopening the Strait of Hormuz, with Xi backing a return to the interim US-Iran deal. Trump rejected an Iranian truce proposal and is considering resuming bombing of Iran after the midterms, signaling a potential escalation. The lack of progress keeps oil transit risk elevated and underscores the limits of summit diplomacy.