China has reportedly ordered major banks to halt new loans to Iranian refiners sanctioned by the United States, fueling speculation that Xi Jinping may be signaling flexibility ahead of crucial talks with Donald Trump. While Beijing publicly opposes U.S. sanctions on Iran, reports say Chinese lenders were quietly told to review exposure to firms linked to Tehran’s oil trade after Washington threatened secondary sanctions. The developments come amid rising tensions over Iran, alleged Chinese support to Tehran during the conflict, and growing fears over energy security in the Strait of Hormuz and the wider Gulf region.