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Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.
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The first US presidential visit to China in almost 10 years will test a fragile tariff truce.
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The United States and Iran have been discussing a 30-day extension to their cease-fire and a reopening of the Strait of Hormuz.
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;Resize=(620)) May 10, 2026 | Four Canadians from a cruise ship with a deadly hantavirus outbreak fly home to isolate. Trump says Iran's peace plan response is ‘totally unacceptable.' And, Go Public uncovers how WestJet may be avoiding compensating passengers for cancelled flights.
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The Strait of Hormuz trade route remains effectively shut, disrupting the global energy shipments.
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Iran delivered its response to Pakistani mediators on Sunday, according to the state-run Islamic Republic News Agency.
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Washington has sought to press Beijing to lean on Tehran to reopen the strait, though China's appetite to act as a pressure mechanism remains unclear.
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No details have been released of Iran's response - or the US proposals - designed to bring the war to an end.
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Beijing could turn instability in the Middle East into a strategic gain
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The focus from the Iran war will likely take center stage during the talks, which could leave less scope to resolve issues like tariffs and rare earth supplies.
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The U.S. conducted "self-defense" strikes against Iranian targets after Iran fired at U.S. destroyers in the Strait of Hormuz on Thursday, according to CENTCOM.
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