China's Foreign Minister Wang Yi has called for the Strait of Hormuz to be reopened as soon as possible. He made this statement during talks with Iran's Foreign Minister Abbas Araqchi in Beijing on Wednesday. This meeting marks Araqchi's first trip to China since the war in Iran began. Wang Yi also emphasized that securing a lasting ceasefire is an urgent priority.
The Strait of Hormuz is a critical waterway. A large volume of the world's oil passes through it daily. Since the war started, the strait has become largely impassable. Blockades by both Iran and the United States have caused this disruption. China has labelled the US naval blockade of Iranian ports as irresponsible and dangerous. This action, China stated, undermines the fragile ceasefire agreement.
This situation fits into a larger global economic picture. The disruption in the Strait of Hormuz directly impacts global energy supplies and prices. China itself relies heavily on this route for its oil imports. In 2025, China imported about 1.38 million barrels of crude oil per day from Iran. This represented roughly 12% of China's total crude oil imports according to the Center on Global Energy Policy. The conflict and potential blockades create significant economic uncertainty.
According to a statement from Chinese state media, Wang Yi said, "China believes that achieving a comprehensive ceasefire is an urgent priority." He added that "reopening hostilities would be even more undesirable." Wang also noted that the international community shares a common concern. This concern is about restoring normal and secure navigation through the Strait. China hopes relevant parties will respond quickly to this call. He reiterated Beijing's readiness to help de-escalate tensions. Chinese state media also reported that Wang appreciated Iran's commitment not to develop nuclear weapons.
The implications of these talks are significant for global markets. Continued disruption to the Strait of Hormuz will likely keep oil prices high. This could affect inflation and economic growth worldwide. Decisions made by leaders in China, Iran, and the United States will be closely watched. Markets will be particularly sensitive to any signs of increased cooperation or renewed conflict. The upcoming summit between US President Donald Trump and Chinese leader Xi Jinping is also a key event. This meeting could further shape the diplomatic response to the crisis.