Trump postpones Beijing summit with Xi amid Iran conflict, rattling oil and crypto markets

The postponement of Trump's summit with Xi Jinping has triggered volatility in oil and cryptocurrency markets amid the escalating Iran conflict. China is seeking to stabilize its energy supply due to the Strait of Hormuz threat, while the US-Iran tensions are intensifying. The rescheduling raises concerns about a prolonged period of geopolitical uncertainty and potential shifts in the cryptocurrency market.