• Price of war: The Iran war has cost the US $29 billion so far— an estimate that’s higher than the $25 billion figure the Pentagon provided to Congress two weeks ago. An expert from Harvard Kennedy School said in April the conflict could cost US taxpayers $1 trillion.
• Trump-Xi summit: President Donald Trump is heading to China, where he said he’ll have a “long talk” on Iran with Chinese leader Xi Jinping, but downplayed the need for Beijing’s help. China has long been a close ally of Iran and is the main importer of Iranian oil.
• Economic shock waves: Trump said “I don’t think about Americans’ financial situation” when negotiating with Iran. “I think about one thing: We cannot let Iran have a nuclear weapon, that’s all,” he told reporters.
A Chinese-flagged oil supertanker appeared to be attempting to traverse the choked Strait of Hormuz Wednesday as US President Donald Trump was on his way to Beijing for a high-stakes meeting with Chinese leader Xi Jinping.
The vessel Yuan Hua Hu was seen moving east through the strait Wednesday morning, MarineTraffic data showed.
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