The White House confirmed that ending the conflict was not a condition for the visit, and Xi later agreed to the new timing. Trump and Melania Trump are also expected to host Xi in Washington.

U.S. heating oil futures climbed above $4 per gallon, rebounding despite mixed signals on the conflict. Tehran denied direct negotiations, while Washington said talks continue and warned of possible escalation. Distillate inventories rose by 3 million barrels, yet supply disruptions in the Strait of Hormuz have pushed prices sharply higher this month.

The dollar index held near 99.6, supported by persistent tension and rising inflation expectations linked to higher energy prices.