China Urges Strait of Hormuz Reopening as US-Iran Blockage Chokes 20% of Global Oil
Updated
Updated · Bloomberg · May 15
China Urges Strait of Hormuz Reopening as US-Iran Blockage Chokes 20% of Global Oil
9 articles · Updated · Bloomberg · May 15
Wang Yi said Friday the Strait of Hormuz should reopen to shipping as soon as possible, sharpening Beijing’s call after Donald Trump’s trip to Beijing.
China and the US share the goal of restoring traffic, but the latest exchanges produced no visible breakthrough on how to reopen the waterway.
The impasse matters because both Iran and the US are blocking passage through Hormuz, a chokepoint for global energy flows that carries about 20% of world oil.
Beijing’s intervention underscores widening concern that a prolonged closure could disrupt crude shipments, lift energy costs and deepen pressure on the global economy.
With the world's oil artery blocked, is a global recession or a devastating military conflict now inevitable?
Can US-China cooperation reopen the strait, or will their deep mistrust ignite a much wider war?
If warships clear the strait, what stops an 'insurance blockade' from keeping global trade paralyzed?