US and China extend trade truce during Washington summit
US President Donald Trump and Chinese President Xi Jinping met in Washington to extend their trade truce. Meanwhile, surging oil prices and geopolitical tensions weighed on global markets and central banks maintained a hawkish tone.
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Surging Brent Crude Oil prices collided with high-stakes diplomacy in the United States during Thursday's overnight session, rattling global equity markets. The geopolitical friction comes as energy costs cascade through international supply chains. Investors face mounting volatility across asset classes as central banks maintain a hawkish stance.
