U.S. State Department: China and U.S. agree on opposing tolls in the Strait of Hormuz

According to Reuters and Bloomberg, China and the US have reached a consensus on the international passage rules for the Strait of Hormuz, opposing the unilateral imposition of passage fees, which signals an important precursor to the upcoming China-US summit. The US has also made it clear that the core focus of this discussion will be on economic and trade issues.

Citing the US State Department, Reuters reported that senior officials from China and the US have reached a consensus that no country or institution should charge passage fees to vessels passing through international waterways such as the Strait of Hormuz. This news was released on the eve of the China-US summit, with the passage order of the strait and the situation in the Middle East being considered potential key topics for discussion.

Both Bloomberg and Reuters disclosed the latest stance of US President Trump, who has explicitly focused the Beijing summit on trade issues, deliberately downplaying the discussion weight of Iranian-related topics. At the same time, Trump stated that although discussions on the situation in Iran would be held with China, the US does not rely on China's assistance in related matters.

Unified stance on the Strait of Hormuz

The consensus disclosed by Reuters between China and the US has set the bottom line for the passage of international key waterways. As the core passage of global energy shipping, the Strait of Hormuz has always directly influenced the expectations of crude oil and shipping sectors with regional situation fluctuations.

By this joint opposition to passage fees, the expectation of regional unilateral control has been broken, which helps to stabilize the market sentiment for the global energy supply chain. From the logic of asset pricing, the clarification of passage rules will suppress the disturbance space of geopolitical premiums on commodity prices.

Deliberate agenda trade-offs by the US, prioritizing economic and trade over Middle East rivalry

According to on-site interview information from Bloomberg, before departing for China, Trump publicly released the agenda, placing trade dialogue in the primary position and not wishing to let Iranian geopolitical issues occupy too much negotiation time.

Reuters further added that Trump will arrive in Beijing on Wednesday and hold face-to-face talks with Chinese leaders for the first time in six months from Thursday to Friday. While the US releases signals of cooperation on Middle East waterways, it deliberately maintains policy independence, intending to balance the demands for global waterway order and its unilateral diplomatic stance.

At present, only the US has released related consensus information through Reuters and Bloomberg, and China has not yet issued corresponding official confirmation. The final joint statement of the summit, substantial progress in the field of economic and trade, and the follow-up cooperation scale on Middle East issues remain the core observation points for professional capital at present.

With multiple geopolitical and economic trade variables converging, the direction of this meeting will directly affect the medium-term pricing logic of commodity and cross-border trade assets.