In a series of statements following high-stakes discussions with Chinese President Xi Jinping, President Trump confirmed that China has agreed to purchase significant amounts of US oil to satisfy its growing energy demands. The announcement triggered a more than 1% rise in oil prices, with crude oil futures hitting $107 a barrel. This development is seen as a potential revival of US energy exports to China, fostering stronger trade ties between the two nations. Analysts noted that a China-US oil deal could help alleviate market concerns surrounding stability in the Strait of Hormuz and ongoing tensions related to Iran. Additionally, US LNG vessels are set to make a comeback to Chinese markets after a year-long hiatus, signaling a renewed interest in strengthening energy relations.