The White House announced that the US President and Chinese President agreed on the continued freedom of flow through the Strait of Hormuz and Iran's non-proliferation of nuclear weapons. The tensions surrounding the Strait of Hormuz, exacerbated by the Iran war, are impacting global oil prices and supply chains, while China is showing interest in reducing its reliance on the Strait. Differing views on the Taiwan issue were highlighted, with both countries focusing on economic cooperation and regional security concerns.