Iran Ambassador to China says no military shipments have been sent from China to Iran
- China is doing its best to reduce tensions. Contrary to US claims, no arms shipments have been sent from China to Iran.
- China's policy is clear: opposing unilateralism and supporting multilateralism.
Context
China's clear denial of military shipments to Iran is a move aimed at reducing regional tensions, countering U.S. allegations. This stance not only reflects China's commitment to multilateral diplomacy but may also influence market sentiment, particularly in commodities and forex, as it could ease fears over conflict escalation affecting oil and gold prices. Keep an eye on how this impacts risk assets and safe havens like the JPY and gold in the trading sessions ahead.
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