Donald Trump says his patience with Iran is “running out” as tensions over the Strait of Hormuz continue to disrupt global oil markets and raise fears of wider regional conflict.

By Danielle Harper Coleman

Donald Trump has warned that his patience with Iran is “running out” as tensions surrounding the Strait of Hormuz continue to disrupt global energy markets and intensify geopolitical uncertainty across the Middle East.

Speaking while returning from a high-level diplomatic visit to China, Trump said Chinese President Xi Jinping agreed that Tehran must reopen the strategically important Strait of Hormuz, though Beijing stopped short of publicly confirming any direct commitment to pressure Iran.

The Strait of Hormuz, one of the world’s most critical oil shipping routes, has faced major disruptions after Iran effectively restricted most maritime traffic following U.S.-Israeli military operations that began earlier this year. The waterway is vital to global energy supply chains, with roughly one-fifth of the world’s oil and liquefied natural gas shipments traditionally passing through the route before the conflict escalated.

During comments to reporters aboard Air Force One, Trump insisted he was not seeking political favours from China in relation to Iran.

“I’m not asking for any favors because, when you ask for favors, you have to do favors in return,” Trump said, while claiming that Iranian military capabilities had been severely weakened by recent military operations.

The U.S. president also indicated he is considering whether to ease sanctions on Chinese oil companies accused of purchasing Iranian crude oil, a move that could significantly impact global energy markets and diplomatic relations between Washington and Beijing. China remains the largest buyer of Iranian oil despite ongoing sanctions.

Although Xi did not publicly discuss details of his conversations with Trump regarding Iran, China’s Foreign Ministry released a statement criticizing the ongoing conflict and calling for de-escalation.

“This conflict, which should never have happened, has no reason to continue,” the ministry stated.

The latest developments come as the standoff over the Strait of Hormuz continues to trigger instability in global markets. Oil prices rose nearly 2% to around $108 per barrel following concerns over prolonged supply disruptions and the absence of a diplomatic breakthrough.

Financial markets also reacted strongly, with U.S. Treasury yields climbing to their highest levels in nearly a year amid fears that rising energy costs could fuel inflation and force the Federal Reserve to tighten monetary policy further.

Trump reiterated that the U.S. objective remains preventing Iran from developing nuclear weapons while restoring unrestricted navigation through the strait.

“We don’t want them to have a nuclear weapon. We want the straits open,” Trump said during discussions alongside Xi in Beijing.

Meanwhile, Abbas Araqchi confirmed that Tehran had received signals suggesting Washington remains open to continued negotiations despite ongoing tensions.

Speaking in New Delhi, Araqchi said Iran hopes diplomatic discussions could eventually lead to the restoration of normal shipping activity through the Strait of Hormuz, though he stressed that Tehran still does not trust the United States following previous military actions.

Iran has consistently denied accusations that it is pursuing nuclear weapons development, though Western governments continue to express concerns over the country’s uranium enrichment activities and undeclared nuclear stockpiles.

The conflict has also expanded beyond Iran, contributing to renewed violence involving the Iran-backed militant group Hezbollah in Lebanon. With a fragile ceasefire nearing expiration, regional tensions remain high as diplomatic efforts continue behind closed doors.

Analysts say the escalating crisis has become one of the most significant geopolitical challenges facing the Trump administration ahead of the upcoming U.S. midterm elections, particularly due to its impact on global oil prices, inflation, and international security.

As negotiations remain stalled and military threats continue, global attention is now focused on whether diplomatic efforts involving the United States, Iran, and China can prevent a wider regional conflict and stabilize one of the world’s most strategically important trade routes.

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