TRUMP-XI SUMMIT UNLIKELY TO SHIFT IRAN CONFLICT President Trump’s meeting with Chinese leader Xi Jinping is not expected to break the U.S.-Iran deadlock, according to Citi Research. The bank expects shipping disruptions in the Strait of Hormuz to continue intermittently for the next 4–8 weeks, warning that Iran may extend tensions to gain leverage and revenue. Citi also maintained its bullish oil price outlook, saying supply pressures will remain a key factor in negotiations.(*Walter Bloomberg)