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The strait carries roughly a fifth of seaborne oil trade; a sitting US president publicly claiming control of it is a fresh geopolitical risk-premium signal for crude and broader risk assets.
The planned route would give Iraqi crude exports more flexibility while reducing reliance on one of the world's most sensitive energy chokepoints.
A land bridge across hostile terrain would let Gulf crude reach Mediterranean terminals without transiting the chokepoint Iran has repeatedly threatened to close.
A White House readout from the Beijing meeting puts Strait security at the center of the agenda and ties energy cooperation to a broader US-China trade reset.
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