Chinese President Xi Jinping assured President Trump that Beijing is not supplying weapons to Iran amid the regional conflict. China is purchasing a significant portion of Iranian oil, and a blockade near the Strait of Hormuz could halt Chinese purchases. The US is monitoring Chinese banks for Iranian money laundering and threatening secondary sanctions.
Efforts are underway to extend the ceasefire between the United States and Iran, with negotiations ongoing regarding the nuclear issue, security in the Strait of Hormuz, and compensation for wartime damages. Iran has threatened retaliation through a naval blockade, while the US has halted maritime trade to and from Iran. Turkey and Pakistan are mediating to de-escalate tensions.