China is talking to Iran and Saudi Arabia about a deal to restore free shipping through the Strait of Hormuz, Chinese Foreign Ministry spokeswoman Mao Ning...
China is talking to Iran and Saudi Arabia about a deal to restore free shipping through the Strait of Hormuz, Chinese Foreign Ministry spokeswoman Mao Ning said, Ateo reports.
Why it matters: Beijing buys more Gulf oil than anyone, so a Hormuz closure hits China first, and it is now acting as a mediator between the two shores of the strait rather than just watching from Beijing.
#Global