Iran President Pezeshkian appreciates China President Xi's support for a return to the Islamabad MoU and for resolving differences through dialogue and diplomacy.

China has positioned itself as a broker in Gulf-related files before, and the pattern in those episodes has been that Beijing's involvement lends process and political cover to negotiations rather than accelerating their substance; the market-relevant question has consistently been whether such frameworks translate into verified commitments or remain communiqué-level. For crude, the transmission channel is the geopolitical risk premium rather than physical flows, since no change to sanctions, export volumes or shipping conditions is asserted here, and premiums built on headline diplomacy have historically unwound quickly absent concrete follow-through. The tells worth noting are whether counterparties beyond the bilateral pairing adopt the same language, whether any negotiating round or inspection or verification track is actually scheduled, and whether freight and insurance pricing in the Gulf shows any response, as those have tended to be the more honest gauges of perceived escalation risk than spot. As a statement of shared intent between two aligned capitals, the signal is directional toward de-escalation but thin on substance.