U.S. President Donald Trump and Chinese leader Xi Jinping are set to discuss bilateral trade relations at their upcoming meeting. Trump has also expressed a desire to rename the Strait of Hormuz after himself.
This week, Trump met with travel industry executives who urged his administration to target attracting 100 million international visitors by 2030.
The Hormuz waterway saw oil exports hit a wartime record of more than 17 million barrels daily. Chevron is expanding its operations in Venezuela, planning to more than double its oil production over the next five years.
Uber announced plans to cut 10% of its workforce as it seeks to consolidate management layers and lower costs.
