The U.S.-China summit highlights the persistent tension between economic cooperation and strategic rivalry, with both sides securing modest trade deals while avoiding deeper conflicts. The lack of progress on Iran underscores the limits of diplomatic leverage, as Beijing balances its economic interests with geopolitical caution. Meanwhile, the Middle East remains a powder keg, with Iran’s assertive control of the Strait of Hormuz and ongoing Israel-Hezbollah clashes threatening to escalate. The ...