Donald Trump said the United States and China share the same goal of ending the Iran war during a briefing with Xi Jinping in Beijing on Friday.
The two leaders also agreed that Iran should not have nuclear weapons and that the Strait of Hormuz should be reopened for the sake of global trade stability.
Washington is reportedly seeking Beijing's help to pressure Tehran back to the negotiating table to end the conflict that erupted after the United States and Israel launched attacks on Iran.
The conflict has affected the strategic Strait of Hormuz route and disrupted global energy supplies.
However, China remains cautious in its stance when it insists that the issue of Iran's nuclear program must be resolved through diplomatic dialogue. Beijing also has a great interest in the stability of the region as China is a major buyer of Iranian oil and an important trading partner of Tehran.
Iran, meanwhile, continues to maintain control of the Strait of Hormuz, which was the main route for almost a fifth of the world's oil and liquefied natural gas supplies before the conflict broke out on February 28.
The Fars news agency reported that Iran is now allowing Chinese ships to pass through the route following negotiations between the two countries.
Meanwhile, the United States claims to have blocked 72 commercial ships from passing through the Strait of Hormuz since the naval blockade was imposed in the area. Reopening the route has become a major focus of Washington's diplomatic efforts after a ceasefire between the United States and Iran took effect about five weeks ago.
However, Iran has insisted that it will continue to monitor ship movements in the strategic area as part of any future peace deal.
The situation has raised concerns about the potential for prolonged disruptions to energy exports from the Persian Gulf.
The geopolitical tensions have also had a major impact on global markets, with Brent crude rising more than 1% to above US$107 a barrel. Overall, oil prices have jumped nearly 50% since the war began, raising concerns about global inflation and weighing on global stock and bond markets.
