The future of oil prices may be influenced by a country not directly involved in current negotiations. China is the key player being watched, as its actions could impact the market. Details about the negotiations between the US and Iran are being finalized, including the reopening of the Strait of Hormuz.

This could restart the flow of oil from the Middle East. For more information on how China's role may affect oil prices, readers can refer to the analysis by Stephanie Yang, available through KVIA ABC-7's source, CNN.