President Donald Trump says the U.S. seized an Iranian-flagged cargo ship that tried to get around its naval blockade near the Strait of Hormuz

President Donald Trump said Chinese President Xi Jinping told him "I would like to be of help" when it comes to bringing an end to the war with Iran. Trump also said Xi wants the Strait of Hormuz reopened as China continues relying heavily on oil shipments moving through the region.

Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.

Earlier, Secretary of State Marco Rubio said in an interview that China should take a more active role in resolving a standoff over the strait. By Anton Troianovski Reporting from Beijing President Trump wants China to do more to persuade Iran to reopen ...

Kuwait accused Iran of launching a failed attack earlier this month on an island where China is helping build a port in the Middle East nation.

Global crude benchmarks jumped after President Trump said Beijing agreed to purchase American oil amid disruptions in the Strait of Hormuz. China has yet to confirm the deal, as tanker traffic and maritime risks continue to weigh on supply.