Trump Visits China Amid Escalating Iran Conflict Costs

May 13, 2026

77 min

May 13, 2026 21:30

Trump lands in China as Iran war cost nears $29b amid rising tensions

## Trump Arrives in Beijing

US President Donald Trump has landed in Beijing for discussions with Chinese President Xi Jinping. The visit aims to strengthen trade relations despite rising geopolitical tensions involving Taiwan and Iran.

## Iran Conflict Costs and Oil Supply Disruptions

The ongoing conflict with Iran has cost the US nearly $29 billion. The situation has led to significant disruptions in oil supplies, prompting countries to utilize their reserves at unprecedented rates.

## US Efforts to Secure Rare Earths

Amid the conflict, the US is striving to establish a rare earth supply chain independent of China. These materials are crucial for military equipment, including missiles, which have been heavily used in the conflict.

## Diplomatic Efforts and Regional Tensions

China's top diplomat has encouraged Pakistan to mediate between Iran and the US, focusing on reopening the Strait of Hormuz. Meanwhile, Iran has expressed its right to respond after Kuwait detained four Iranian citizens, accusing them of being part of Iran's Revolutionary Guards.

## Impact on Global and Regional Stability

The conflict has affected various regions, with Lebanon reporting over 10,000 homes damaged since a ceasefire with Israel. The GCC held an emergency meeting to discuss regional security, while Tunisia's tourism sector struggles due to rising oil prices and travel costs.

## US Senate and Military Actions

The US Senate has backed Trump's actions in Iran, rejecting a resolution to limit his war powers. The US military has redirected numerous commercial vessels and imposed a naval blockade on Iranian ports, intensifying pressure on Iran.

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