- The US calls on China to leverage its ties with Iran to keep vital oil routes open.
- Threats to close the Strait of Hormuz put global energy markets on edge.
- A potential closure could send oil prices soaring and slow global growth.
The United States has formally urged China to use its diplomatic influence to persuade Iran against closing the Strait of Hormuz, reports Reuters.
US officials emphasized that any such move would have devastating consequences for the global economy and would harm Iran more than any other nation. The appeal is part of an urgent effort to prevent a major escalation in the Gulf region following heightened tensions.
A Global Oil Lifeline at Risk
China, as Iran’s largest oil customer and a key trading partner, is seen as one of the few countries with leverage in Tehran. US diplomats hope that Beijing will act in its own economic self-interest by ensuring the continued flow of oil through one of the world’s most strategic waterways.
The Strait of Hormuz is one of the most vital energy corridors on the planet, carrying nearly 20% of global oil and gas shipments. In the wake of recent military actions in the region, Iran’s parliament passed a symbolic resolution endorsing the closure of the strait. While not legally binding, the resolution underscores the seriousness of the situation.
The final decision on whether to act rests with Iran’s Supreme National Security Council. Analysts believe Iran could block the strait using missiles, naval assets, or drones. However, such a move would likely provoke swift international retaliation and could cripple Iran’s own oil exports.
Market and Economic Jitters
Oil prices have already climbed on fears of supply disruption. Analysts warn that a full or even partial closure of the Strait of Hormuz could send oil prices soaring past \$100 per barrel, with some forecasts predicting even higher spikes. This would increase transportation and production costs globally, pushing inflation higher and threatening to derail economic recovery in several regions.
International financial institutions have raised concerns about the impact of prolonged price volatility. A sustained oil shock could lead to reduced economic output and heightened instability in energy-importing nations.
China’s Strategic Role
China’s growing economic and political ties with Iran place it in a unique position. While Beijing has traditionally avoided direct involvement in Middle East conflicts, it has strategic reasons to maintain stability in the Gulf. A disrupted oil supply would impact China’s economy and energy security.
The United States is banking on these shared interests to encourage China to intervene diplomatically. The stakes are high, and the next few days may determine whether tensions are cooled through diplomacy or pushed closer to conflict.
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Source: Reuters
