Investing.com -- U.S. President Donald Trump said on Wednesday that China has agreed to stop sending weapons to Iran as part of cooperation between Washington and Beijing regarding the Strait of Hormuz.

Trump announced that he is permanently opening the Strait of Hormuz, stating that China welcomed the move. "China is very happy that I am permanently opening the Strait of Hormuz. I am doing it for them, also - And the World. This situation will never happen again," Trump said in a post on Truth Social.

The president added that Beijing agreed not to send weapons to Iran as part of the arrangement.

Trump described the current state of U.S.-China relations as cooperative, saying the two countries are working together smartly and very well.