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Chapter 1: What are the latest updates on US-Iran peace talks?
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News when you want it with Bloomberg News Now. I'm Monica Ricks. Vice President J.D. Vance has arrived in Islamabad and will be leading a U.S. delegation in high-stakes ceasefire talks with Iran. President Trump wished him luck and says the Strait of Hormuz will be reopened fairly soon.
They're militarily defeated and now we're going to open up the Gulf with or without them. But that'll be open. We're going to be or the straight as they call it. And I think it's going to go pretty quickly. And if it doesn't, we'll be able to finish it off one way or the other. It's going well.
Trump speaking to reporters yesterday at Joint Base Andrews. Special U.S. Envoy Steve Witkoff and Jared Kushner are with Vance now for negotiations. But Trump has warned the U.S. will resume military action with even more intensity if a deal isn't reached. Meantime, U.S. intelligence indicates that China is now 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.
There has been a couple of days, six or around 10 transits, but they still know the numbers of 130 transits a day. So the reality is that the situations for the seafarers continues to be quite dire in the area.
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. The White House is using the war with Iran to justify fast-track policy changes. We get more on that from Bloomberg's Nathan Hager.
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Chapter 2: What role does China play in the Iran conflict?
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