U.S. Secures China’s Backing on Hormuz, But Rare Earth Drag, Greer Says After Trump-Xi Summit - Tekedia

After the Trump-Xi summit, U.S. trade chief Jamieson Greer said Beijing signaled it may help keep the Strait of Hormuz open and curb support for Iran.

He also said rare earth exports from China to the U.S. have improved, though shipments are still delayed and uneven.

The developments could support global energy security and ease pressure on oil prices.

Better access to rare earths, including yttrium, would also help U.S. high-tech and defense supply chains.