Pakistani and Chinese foreign affairs ministers have met today in Beijing, according to Chinese state media; meeting comes as rumours abound that Beijing could play a role as "guarantor" of any US-Iran deal, Bloomberg's Blas reports

The meeting between the Pakistani and Chinese foreign ministers in Beijing underscores China's growing influence in regional diplomacy. If China is indeed positioning itself as a potential guarantor in a US-Iran deal, it could lead to significant shifts in geopolitical dynamics and impact market sentiment, particularly in commodities like oil and regional equities.