Ahead of President Trump's talks with Chinese President Xi Jinping, analysts and lawmakers raised separate alarms about Iran and Taiwan, according to Bloomberg Politics. Said Rep. Jill Tokuda (D-HI): "Taiwan must not be a bargaining chip." Tom Kloza, Chief Energy Advisor at Gulf Oil, warned that gasoline could reach $5 a gallon or higher this summer if the Strait of Hormuz remains closed, calling it "the only lever you can pull that has a major impact" on fuel prices.