Xinhua: China’s Wang Yi engages in talks with Iranian Foreign Minister Araqchi.

Chinese Foreign Minister Wang Yi's discussions with Iranian Foreign Minister Araqchi signal a potential strengthening of bilateral relations between China and Iran. This development may influence capital flows and trade dynamics, particularly as both nations seek to enhance economic cooperation amid existing sanctions and geopolitical tensions. Markets most exposed include energy and commodities, as any agreements could affect oil supply chains and pricing. Traders will be particularly attentive to any announcements regarding joint projects or trade agreements that may emerge from these talks, as they could have significant implications for regional stability and market sentiment.

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