Tag: Strait of Hormuz
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Chinese Ships Halt Attempt to Exit Hormuz Despite Iran Safe Passage Assurances
By Jonathan Saul Two Chinese container ships turned back after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from Iran that Chinese vessels could pass. The operator, China's COSCO, had said ...
Cosco Resumes Mideast Bookings as Second Chinese Vessel Transits Strait of Hormuz
China’s state-owned shipping giant Cosco resumed new container bookings from Asia to several Gulf markets, a notable signal that at least some Chinese operators now judge parts of the Strait of Hormuz route to be passable again after weeks of severe disruption.
China Shipping Giant Cosco Says Resumes Bookings to Some Gulf Countries
Chinese shipping giant Cosco said on Wednesday that it was resuming new bookings for container shipments to some Gulf countries, after a three-week suspension in response to the Middle East war. The state-owned, Shanghai-based firm was among several major shipping groups ...
Philippines Could Re-Open South China Sea Oil Talks with China
Philippine President Ferdinand Marcos is reportedly open to restarting stalled talks with China about a joint oil and gas project in a disputed zone of the South China Sea. He and Chinese President Xi Jinping reportedly discussed resuming the negotiations in ...
China FM Tells Iran Counterpart ‘Talks Better Than Fighting’
China's top diplomat urged his Iranian counterpart in a phone call Tuesday that "talking is always better" than fighting, after Tehran denied Donald Trump's claim that negotiations were underway. The war between the United States, Israel, and Iran has spiralled throughout ...
Saudi Aramco’s Asia Cuts Hit China First
China is at the center of Saudi Aramco’s latest supply reshuffle after the kingdom cut crude allocations to Asian buyers for a second straight month in April. Aramco will supply only Arab Light crude exported from the Red Sea port of ...
China Caps Fuel Price Surge as Iran War Ripples Through Pump Prices
China on Monday moved to limit a sharp rise in gasoline and diesel prices, cushioning the blow to consumers as the Iran war drove global crude prices higher. The National Development and Reform Commission said the increases would take effect from ...
After Gulf Conflict, China Is Likely to Deepen Its Regional Engagement
A reporter asked me today to look beyond the current turmoil in the Persian Gulf to forecast how China might respond when the fighting eventually stops. The crux of his question is whether Beijing will remain as engaged in the Persian Gulf as it has been for ...
China Finds a Way Through Hormuz Crisis as Others Stall
While the world anxiously awaits what happens when U.S. President Donald Trump's 48-hour deadline for Iran to reopen the Strait of Hormuz expires, Chinese energy shipments are steadily, albeit slowly, making the dangerous journey. Over the weekend, reports of two oil cargo ...
Iran Offers Safe Passage to BRICS Partners as China’s Role Looms Large
Iran offered “safe passage” through the Strait of Hormuz to South Africa and other BRICS countries, underscoring how the ongoing conflict is reshaping shipping access along one of the world’s most critical energy chokepoints. Tehran signaled that “friendly countries” would be ...
Taiwan Rejects China’s Energy Security ‘Reunification’ Offer Amid Middle East War
Taiwan's government on Thursday rejected an offer by China for what it said would be energy security if the island agreed to Beijing's rule, an expected response given Taipei has long said it does not want to be governed by its giant neighbor.
Iran Ambassador Praises South Africa Ties, Urges BRICS Support
Iran's ambassador to South Africa offered safe passage through the Strait of Hormuz for South African cargoes Wednesday and urged all BRICS nations to demand an end to U.S.-Israel "aggression". South Africa's links with Iran are a sticking point in its ...