US and China Agree on Strategic Stability, Nuclear-Free Iran, and Toll-Free Shipping

After the recent high-profile meeting between the world's two largest superpowers, the United States and China, the White House has released an official'fact sheet '. It details a number of major agreements and understandings. This meeting is considered a new step in US-China relations. According to the White House, both countries have emphasized building a'constructive relationship of strategic stability'based on fairness and reciprocity. The two superpowers have taken a very strong and shared stance on Iran amid the ongoing heavy naval tensions in the Middle East. According to the fact sheet, the US and China have agreed that'Iran cannot have nuclear weapons.'Also, the two leaders called for the immediate reopening of the Hormuz Strait, which is very important for global trade. Most importantly, both countries have made it clear that no country or organization will be allowed to'toll ships'passing through this sea route (Toll). China and North Korea have also adopted a'Toll Free'agreement.