Oil prices fall as Trump arrives in China amid stalemate with Iran

Oil prices fell due to Trump's visit to China and the stalemate with Iran, with ongoing Middle East instability caused by the Strait of Hormuz blockade. The International Energy Agency (IEA) forecasts that global oil demand will not be met and Russia's oil production decline is also a factor. Rising consumer price pressures in the US are also expected to impact the Federal Reserve's monetary policy.