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FINWIRES

Market Chatter: China Says Hormuz Blockade Threatens Global Interests

-- China warned that any blockade of the Strait of Hormuz would harm global interests, urging restraint as tensions escalate over Iran, Reuters reported Monday.

Foreign Minister Wang Yi told U.A.E. envoy Khaldoon Khalifa Al Mubarak that diplomacy and a lasting ceasefire remain the only viable path forward, according to the report.

The warning came after the U.S. Central Command announced plans to halt maritime traffic to Iranian ports following failed talks in Islamabad, Reuters wrote.

Beijing backed continued negotiations and denied claims of arms supplies, calling them "groundless" and "malicious," according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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