TURNING POINT?: Trump-Xi meeting could impact the Iran conflict

. BRET? >> Bret: JEFF PAUL IN LONDON. JEFF, THANK YOU. ♪ AS REGIONAL ALLIES WORK TO. BROKER A DEAL, PRESIDENT TRUMP. SAYS THERE ARE NO NEW. NEGOTIATIONS GOING ON BETWEEN. THE U.S. AND IRAN. THE PRESIDENT TELLING FOX NEWS. IRAN IS SMART BUT, QUOTE: VERY. EVIL. CHIEF CORRESPONDENT JONATHAN. HUNT SHOWS US WHERE THINGS STAND. TONIGHT FROM TEL AVIV ON THE. REGIONAL PEACE EFFORTS. >> SHUFFLE DIPLOMACY CONTINUES. IN THE GULF, THE QATARI PRIME. MINISTER, LATEST TO TRAVEL TO.

TEHRAN FOR WHAT QATAR'S FOREIGN. MINISTRY CALLED THE EFFORTS. BEING MADE TO REDUCE ESCALATION. NO SIGNIFICANT DEVELOPMENTS WERE. REPORTED AS A RESULT OF THE. MEETINGS, JUST AS THERE WERE. NONE IN THE WAKE OF MEETINGS. BETWEEN IRANIAN OFFICIALS AND. PAKISTANI MEDIATORS EARLIER THIS. WEEK. >> THERE ARE CONCERTED EFFORTS. TOWARDS THE SETTLEMENT OF THIS. ISSUE, PARTICULARLY THE OPENING. OF THE STRAIT OF HORMUZ. WE REMAIN POSITIVE BUT. EVENTUALLY IT IS UP TO THE. PARTIES TO DECIDE. >> THOSE PARTIES ARE, OF COURSE, THE U.S. AND IRAN AND PRESIDENT.

TRUMP CONFIRMED TODAY THERE ARE. CURRENTLY NO TALKS BETWEEN THE. TWO. >> THERE IS NOT A THROAT SPEAK. TO SAY WE DON'T WANT TO SPEAK TO. THEM. WE ARE NOT LOOKING TO MEET OR. ANYTHING. THE STRAIT IS OPEN. WE ARE TAKING A LOT OF VOTES. MILLIONS AND MILLIONS OF BARRELS. OF OIL ARE COMING OUT OF THE. STRAIT EVERY DAY. >> WITH LINES AT GAS STATIONS. ANOTHER SIGN THAT IRAN'S ECONOMY. IS BEING SQUEEZED, THE TREASURY. SECRETARY SCOTT BESSENT HOPES TO. PERSUADE G-20 COUNTRIES TO. INCREASE THAT PRESSURE STILL.

FURTHER WHEN HE MEETS WITH THEM. OVER THE WEEKEND IN NORTH. CAROLINA. THE ADMINISTRATION'S HOPE IS. THAT EVENTUALLY THE IRANIAN. LEADERSHIP WILL CAPITULATE AND. COMPROMISE. BUT, FOR NOW, THAT ISN'T. HAPPENING. INSTEAD, IRAN HAS STRUCK OUT. AGAIN AT SHIPS IN THE STRAIT OF. HORMUZ, MARKED THE ECONOMIC. D-DAY THE U.S. ANNOUNCED AS PURE. PARODY AND PUBLICLY THANKED. CHINA FOR REJECTING THE U.S. SANCTIONS PLAN. AND CHINA IS, PERHAPS, THE MOST.

SIGNIFICANT PLAYER IN ALL THIS. IF THE SO-CALLED ECONOMIC. WARFARE IS TO WORK, WHICH MAKES. PRESIDENT TRUMP PLANNED MEETING. WITH CHINA'S PRESIDENT NEXT. MONTH A POTENTIALLY CRITICAL. INFLECTION POINT IN WHAT WILL, BY THEN, BE A 7 MONTH WA.