Chinese Foreign Minister encourages US and Iran to continue resolving their differences and disputes through talks; teams on two sides are still working on details for outcomes on trade, Xinhua reports

• Calls for reopening Strait of Hormuz as soon as possible.
• China, US agreed to set up boards of trade, investment.
• Agreed to promote the expansion of two-way trade under the framework of reciprocal tariff reductions.
• Both sides agreed to address each other’s concerns regarding market access for agricultural products.

The call from the Chinese Foreign Minister for the U.S. and Iran to continue dialogue signals a potential de-escalation in a region critical for energy supplies, especially concerning the Strait of Hormuz. This might positively impact commodities markets, particularly oil prices, as improved relations could stabilize supply concerns; for traders, monitoring how these developments influence energy prices, especially WTI, will be crucial.