China used intermediaries in Iran ceasefire push and had urged Iran to seek a ceasefire with the US, according to AP sources

China's involvement as an intermediary in the Iran ceasefire discussions signals a potential shift in regional dynamics, particularly regarding energy markets. If this leads to a de-escalation of tensions between Iran and the US, it could stabilize oil supply and influence WTI prices positively, especially if the market perceives a less risky geopolitical landscape ahead.