China, Pakistan urge US-Iran ceasefire, renewed talks amid conflict

China and Pakistan have jointly called for a ceasefire and renewed diplomatic talks between the United States and Iran, as reported by China’s Foreign Ministry. This call comes amid the ongoing conflict between the U.S., Israel, and Iran, which erupted in February 2026. The two nations have emphasized the need to honor the existing Memorandum of Understanding, which had previously established a 60-day ceasefire to facilitate negotiations. The initiative, which includes reopening the Strait of Hormuz, marks a significant diplomatic effort by China and Pakistan to stabilize the region and ensure the flow of global oil supplies.

Key Takeaways

• China and Pakistan’s call for renewed negotiations appears to suggest increased diplomatic efforts to resolve the U.S.-Iran conflict.
• The initiative reflects a shift in China’s role from observer to active mediator in the Middle East.
• Market pricing suggests the potential for increased likelihood of a diplomatic meeting between the U.S. and Iran, potentially in the UAE.

What to Watch

Market participants are closely monitoring any official announcements regarding the location of the next U.S.-Iran diplomatic meeting. Statements from key actors such as President Trump or Iranian officials could indicate where talks might resume. Developments consistent with a YES scenario include announcements confirming the UAE as a meeting site, which could influence current pricing trends in the associated prediction markets.

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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.