International benchmark\u00a0Brent\u00a0crude<\/a>\u00a0futures for July gained 1.49% at $107.30 a barrel. U.S.\u00a0West Texas Intermediate\u00a0futures<\/a>\u00a0for June advanced 1.55% at $102.74 per barrel.<\/p>\n “They’ve agreed they want to buy oil from the United States, they’re going to go to Texas, we’re going to start sending Chinese ships to Texas and to Louisiana and to Alaska,”\u00a0Trump said in a pre-recorded interview with Fox News, after his meeting with Xi. <\/p>\n China has not confirmed the energy purchases. CNBC reached out to Chinese authorities for comment but did not receive a response before publication.<\/p>\n Stock Chart IconStock chart icon The gains also came after both presidents agreed that\u00a0the Strait of Hormuz must remain open<\/a>.<\/p>\n “President Xi also made clear China’s opposition to the militarization of the Strait and any effort to charge a toll for its use, according to a statement by a White House official on Thursday.<\/p>\n Meanwhile, U.S. Treasury Secretary Scott Bessent told CNBC in an interview<\/a> on Thursday that China will work behind the scenes to help reopen the Strait of Hormuz. “It’s very much in their interest to get the strait reopened,” Bessent said.<\/p>\n \u2014 CNBC’s Anniek Bao and Spencer Kimball<\/a> contributed to the report. <\/p>\n![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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