U.S. and China Agree: No Shipping Tolls in Strait of Hormuz

The U.S. and China agreed that no country can levy shipping tolls in the Strait of Hormuz, signaling a potential area of cooperation amid tensions with Iran. This agreement comes ahead of a summit between President Trump and Xi Jinping, where Iran’s control of the waterway will be a key topic. Iran’s demand for tolls as a condition for ending the war is driving global energy markets.