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Oil prices surged as Trump says China will buy US crude after Xi talks

Global crude benchmarks jumped after President Trump said Beijing agreed to purchase American oil amid disruptions in the Strait of Hormuz. China has yet to confirm the deal, as tanker traffic and maritime risks continue to weigh on supply. CNN’s Kristie Lu Stout reports.

3:37 • Source: CNN
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Oil prices surged as Trump says China will buy US crude after Xi talks
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<p>The US and Iran say they have reached an agreement that will end a US blockade of Iranian ports and reopen the Strait of Hormuz. Iranians in Tehran welcome the outcome but remain cautious. </p>
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