Iran’s Foreign Ministry spokesperson Baghaei says Iran has continuous contact with China "as one of our strategic partners"

Iran's reaffirmation of its strategic partnership with China suggests a continuation of cooperation that could impact energy markets, particularly WTI.

Newsquawk StaffPublished 11 May 2026, 07:55 UTCOn the live feed at 07:35 UTC — 2 more headlines followed before this page went public

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07:54

[MARKET ANALYSIS] Counting down to UK PM Starmer's reset speech at 10:00BST

07:46

Iran’s Foreign Ministry spokesperson Baghaei says "currently, we are focusing our discussions on ending the war and the uranium issue, which we will discuss later", Al Mayadeen reports

07:35

Iran’s Foreign Ministry spokesperson Baghaei says Iran has continuous contact with China "as one of our strategic partners"

07:29

Saudi crude oil supply to China is set to fall to a record low of about 10mln barrels in June, sources say

07:27

Iran’s Foreign Ministry spokesperson Baghaei says Iran’s proposal to the US “was not excessive,” and that the US continues to have “unreasonable demands.”

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Context

This ongoing relationship may bolster Iran's position in negotiations and trade, potentially influencing supply dynamics and geopolitical tensions, especially for EU interests. Traders should monitor developments for shifts in energy prices or broader market reactions stemming from these ties.

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