Monica Ricks

Bloomberg's Pakistan Bureau Chief Fassi Mungi is there.

Bloomberg's Fasi Mungi on Bloomberg this weekend.

Special Envoy Steve Witkoff and Jared Kushner are with Vance for negotiations.

And President Trump has already warned that the U.S.

will resume military action with more intensity if a deal isn't reached.

Meantime, attacks continue in the Middle East.

Earlier today, the Israeli army confirmed it's carried out more than 200 strikes against Hezbollah targets in Lebanon over the past 24 hours.

The Lebanese militant group has also continued its own strikes across the border.

And now U.S.

intelligence indicates that China is preparing to provide Iran with air defense systems in a matter of weeks.

CNN reports Beijing is expected to ship surface-to-air missiles known as manned portable air defense systems to Iran, which can be operated by one person and are easy to transport, conceal and use.

But a spokesperson for the Chinese embassy in Washington has denied those allegations.

saying China has never provided weapons to any party to the conflict.

Traffic remains at a relative standstill in the Strait of Hormuz as peace talks get underway, but the United Nations says it's ready to move ships the second it gets the green light via ceasefire.

Arsenio Dominguez is Secretary General of the UN's International Maritime Organization.

IMO Secretary General Arsenio Dominguez on Bloomberg this weekend.

He says the U.N.

's also working on getting confirmation of possible mines in the Strait, but says that can't be done safely till the conflict ends.

It may be tough to believe given the war in Iran, but Wall Street seems to be on a big win streak.

Bloomberg's Andrew O'Day explains.