Beijing “deeply distressed” by the US-Iran war, pushing for immediate peace…
Oil at 100 dollars per barrel as the market bets on a diplomatic cooling…
Trump heading to Beijing May 14, the most consequential summit of the century…
The dragon is tired of paying the war tax on its energy.
Washington and Beijing find a rare common enemy: 115-dollar oil.
The Grand Bargain is being written in Mandarin and English.
US and Iran appear to move closer to ending their war as Trump threatens more bombing
Iran’s effective closure of the strait has sent fuel prices skyrocketing, rattled the global economy and put enormous economic pressure on countries, including major powers such as China.
Elsewhere, China’s foreign minister called for a comprehensive ceasefire Wednesday after meeting in Beijing with Iran’s top envoy. Wang Yi said his country was “deeply distressed” by the conflict, which began Feb. 28 when the U.S. and Israel launched strikes against Iran.
China’s close economic and political ties to Tehran give it a unique position of influence. The Trump administration is pressing China to use that relationship to urge the Islamic Republic to open the strait.