US President Trump says discussed Iran with China's President Xi; think we're going to do great

The operative question is whether any US-China alignment translates into tighter or looser enforcement of Iranian crude flows into China, since Chinese purchases have been the swing channel through which sanctions either bite or leak; that is the distinction that separates a noise headline from one that shifts actual supply. Statements framed around goodwill without specifics have in past episodes faded within the session, with Brent retracing once it became clear no policy follow-through was attached. What is worth watching next is any language on sanctions waivers, secondary enforcement, or shipping and insurance channels, and whether the Chinese side confirms the account or stays silent, since divergent readouts have tended to be the tell that nothing was agreed. Absent that, the precedent is that verbal de-escalation trims a modest geopolitical premium rather than resetting the market's supply assumptions.