Beijing open to possibility, unclear what safeguards US would require. In the ongoing US-Iran ceasefire negotiations, Iran may consider transferring its 60% enriched uranium to China.

Trump addressed multiple flashpoints in the stalled talks with Tehran during a lengthy cabinet meeting at Camp David, including the future of the Hormuz Strait.

Trump also said the Strait of Hormuz, the vital oil-shipping route, is "going to be open to everybody."

A visit to Beijing by Iran’s top diplomat – days before US President Donald Trump is set to travel to the Chinese capital – has turned up the spotlight on a key question: can China take on the role of peace broker in US-Iran conflict?

By Trevor Hunnicutt and Jana Choukeir ABOARD AIR FORCE ONE/DUBAI, May 16 (Reuters) - U.S. President Donald Trump said Chinese President Xi Jinping had agreed Tehran must reopen the Strait of Hormuz, though China gave no indication it would weigh in.

Iran is considering transferring its 408.6 kg of 60% enriched uranium to China as US nuclear negotiations continue, adding geopolitical risk to crypto markets.

In a cabinet meeting on Wednesday, President Donald Trump outlined additional requirements for a potential agreement with Iran.

The US war against Iran has cost $29 billion — an estimate that’s higher than the $25 billion figure the Pentagon provided to Congress two weeks ago.

The vice president says the U.S. and Iran are "very close" to a deal, but are "not there yet." Meanwhile, the U.S. struck Iran, which retaliated against a U.S. base.