Bessent to meet Chinese official He Lifeng amid US-Iran tensions

Bessent is scheduled to meet with He Lifeng, a senior Chinese official, over the weekend, with discussions expected to cover Iran and broader geopolitical issues. The meeting comes amidst ongoing tensions between the U.S. and Iran, with China playing a potential intermediary role. Recent military actions and diplomatic exchanges have kept the U.S.-Iran situation volatile, and any dialogue involving China may influence future developments. Meanwhile, the U.S. bond market is currently the world’s best-performing, suggesting stable economic conditions domestically. Key Takeaways Bessent’s upcoming meeting with He Lifeng suggests potential diplomatic movements concerning the U.S.-Iran tensions, with China possibly acting as a mediator. Market pricing in the “US-Iran Deal in 2026” market indicates a modest increase in the likelihood of a deal, with the YES outcome moving up from 14% to 15.5% over the past 24 hours. Broader geopolitical developments, including this meeting, appear consistent with increased activity around the potential for progress in U.S.-Iran relations. What to Watch Markets will be closely monitoring the outcomes of Bessent’s discussions with He Lifeng, as any indicat...