The US-China summit eased short-term global financial market volatility, but the energy risks surrounding the Strait of Hormuz remain persistent. Rising oil prices are exacerbating concerns about economic growth slowdown and inflation, while structural tensions between the US and China and the Taiwan issue continue to fuel potential conflicts. The stability of the Strait of Hormuz, the implementation of trade and investment initiatives, and the impact of Middle East oil shocks are key market concerns moving forward.