Today was the second and final day of a nuclear security summit hosted in Washington by President Obama. The two major objectives (as well as I can tell) were to address the risk of nuclear terrorism, and to rally support for sanctions against Iran. It sounds like the summit was more successful on the former than the latter. While none of the final agreements between nations are legally binding, many nations pledged to destroy weapons-grade nuclear materials and work towards better nuclear security.
On the question of Iran, China has been advocating a diplomatic approach rather than sanctions. It's a little unclear where China stands at the moment, but Obama claims there has been progress on the question of sanctions. China imports a lot of oil from Iran, and it's also at odds with the U.S. over currency issues at the moment, so there are some significant roadblocks to full cooperation with the Obama agenda on Iran.
A decent summary article from CNN:
http://www.cnn.com/2010/POLITICS/04/13/obama.hu.nuclear.meeting/?hpt=T1
An interesting Fox News article about the U.S. taking on all the nuclear material of the world:
http://www.foxnews.com/politics/2010/04/13/popular-destination-worlds-unwanted-nuclear-supply/
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