Iran war fallout shadows Trump's China summit, with gas and markets in focus

As President Donald Trump heads to China this week to meet Xi Jinping, the Iran war is hanging over the trip and the broader economic outlook. Even if the fighting stopped immediately, U.S. gasoline prices would likely stay elevated for months, complicating Trump's domestic politics and any request for Beijing's help. Markets have pushed higher, but analysts warn prolonged disruption could still pressure stocks, inflation expectations, and borrowing costs.