US strikes Iran as ceasefire holds amid Beijing summit
Washington confirms new operations in Iran even as President Trump and President Xi begin high-stakes negotiations on trade, AI, and regional security.
The United States has conducted fresh military strikes on Iran, escalating hostilities in a conflict that began approximately three months ago. Despite the new attacks, a US official stated that the ceasefire continues to hold, although it was described as increasingly strained.
This military development occurs concurrently with a two-day summit in Beijing between US President Donald Trump and Chinese President Xi Jinping. The agenda for the high-level talks covers trade, artificial intelligence, and concerns regarding the Strait of Hormuz.
The diplomatic engagement has provided a positive backdrop for financial markets. US stock indices rose during the summit, with the Dow Jones Industrial Average gaining 0.8 per cent, the S&P 500 rising 0.3 per cent, and the Nasdaq Composite climbing 0.2 per cent.
Nvidia shares surged more than 2 per cent following news that the US had approved H200 chip sales to Chinese firms. The company’s chief executive, Jensen Huang, is among the US business leaders attending the summit, alongside Elon Musk and Tim Cook.
Previous military actions have established a pattern of escalation within the ongoing dispute. On 27 May, US officials confirmed a strike on an Iranian drone base, providing the official narrative for that specific operation.
The current strikes add to the complexity of the geopolitical landscape as Washington seeks to balance military pressure with diplomatic outreach to Beijing. The precise location and scale of the latest strikes were not detailed in the available reporting.
