President Donald Trump told reporters that Chinese leader Xi Jinping pledged not to supply additional weapons to Iran after their meeting in Beijing last week. Trump described the encounter as an “amazing time” and said he took Xi’s assurance at face value. The claim arrives amid rising regional tension, as Washington, Gulf allies and Israel press Tehran to halt its nuclear ambitions.

Trump warned he was prepared to resume strikes, saying he was only an hour away from ordering more attacks before calling them off on Monday. He framed the United States, Gulf states and Israel as a “team” in negotiations, giving Iran “two or three days” to reach a deal, otherwise he would not tolerate a nuclear weapon. He added the deadline could come within hours for price signals.

If Xi’s promise holds, Chinese arms exports to the Middle East stay flat, limiting a potential surge in defense spending that could have lifted Asian defense stocks. Conversely, continued U.S. pressure on Tehran keeps oil markets volatile, as any escalation risks disrupting Strait of Hormuz shipments. Traders will watch the next diplomatic deadline for price signals.