China Urges US and Iran to Uphold Ceasefire Amid Oil Price Surge
China has called on the United States and Iran to maintain peace after a collapse of the ceasefire led to renewed missile strikes in the Middle East, causing a spike in oil prices. A spokesman for China's Ministry of Foreign Affairs stated on Wednesday that reigniting the conflict serves no party's interests and urged both nations to follow their memorandum of understanding, resolve disputes through dialogue, and avoid force. Brent crude, the global oil benchmark, rose as a result of the escalating tensions, reviving risks of global inflation.
Key facts
- China urged the US and Iran to stick with peace plans after ceasefire collapse
- Renewed missile strikes in the Middle East spurred a jump in oil prices
- China's Ministry of Foreign Affairs spokesman spoke on Wednesday
- China called for following through on the memorandum of understanding
- China urged resolving disputes through dialogue and negotiation
- Brent crude, the global oil benchmark, rose due to the conflict
- The ceasefire collapse revives risks of global inflation
- The statement emphasized that reigniting conflict does not serve any party's interests
Entities
Institutions
- China's Ministry of Foreign Affairs
Locations
- United States
- Iran
- Middle East