China’s Xi, in call with Saudi crown prince, calls for Strait of Hormuz to remain open
China’s Xi, in call with Saudi crown prince, calls for Strait of Hormuz to remain open
BEIJING, April 20 (Reuters) – Chinese President Xi Jinping called for normal passage of ships through the Strait of Hormuz to be maintained, in a phone call on Monday with Saudi Arabia’s Crown Prince Mohammed bin Salman held as Beijing steps up efforts to help end the Iran war.
China is concerned over renewed instability around the strategic waterway, as a U.S.-Iran ceasefire came under fresh strain after the U.S. seized an Iranian cargo ship and Tehran signaled it would not join new peace talks for now.
China is the main buyer of Iranian crude. Iran has largely closed the strait to ships other than its own since the United States and Israel launched the war in February, while Washington has imposed a blockade of Iranian ships since last week.
China advocates an immediate and comprehensive ceasefire, and insists on resolving conflicts in the Middle East through political and diplomatic channels, state news agency Xinhua cited Xi as saying.
“The Strait of Hormuz should remain open to normal passage, as this serves the common interests of regional countries and the international community,” he told the Saudi leader.
Worries have mounted over the survival of the ceasefire between Washington and Tehran after the U.S. seizure of the Iranian vessel. Trump had credited Beijing with helping to get Iran to the previous negotiations with the U.S. in Pakistan.
The Chinese foreign ministry on Monday expressed concerns over the “forced interception” by the U.S. of the Iranian ship, while urging relevant sides to abide by the ceasefire agreement.
Xi’s call with the Saudi crown prince followed a meeting in Beijing last week with the crown prince of Abu Dhabi, when Xi urged adherence to international law.
Xi also told the Saudi crown prince that China supports countries in the Middle East in “taking their future and destiny into their own hands, and promoting long-term regional stability and peace”.
(Reporting by Ethan Wang and Ryan Woo; Editing by Toby Chopra, Peter Graff)
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Oil prices climbed back up on Monday after Iran’s Revolutionary Guard Corps said the Strait of Hormuz was closed and the US Navy fired upon and boarded an Iranian cargo ship.
President Trump threatened to destroy Iranian ships that impede a US blockade on the Strait of Hormuz.
Trump announced a U.S. naval blockade of the Strait of Hormuz after nearly 20 hours of peace talks in Islamabad collapsed over Iran’s refusal to abandon its nuclear program.
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Oil prices collapsed on Tuesday after Trump announced a two-week ceasefire in the US-Iran war and suggested an off-ramp for the conflict.
Markets spent much of Monday in a state of confused optimism over Iran, sending markets slightly into the green, though oil prices rose.
Markets are facing volatility as a Trump deadline to launch strikes on Iran fast approaches.
President Trump threatened Sunday to bomb Iran’s power plants and bridges by Tuesday, posting an expletive-laden Truth Social message as Tehran rejected his ultimatum and Oman held last-ditch talks to reopen the Strait of Hormuz.
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