China on Tuesday noted that keeping the Strait of Hormuzsecure is vital for global energy supplies, as the war between Iran, the UnitedStates, and Israel entered its second week.
Stressing the importance of safeguarding shipping lanes andoil flows through the Strait of Hormuz, he urged the international community tocooperate in preserving stability.
The Strait of Hormuz handles roughly 4.5% of total globaltrade annually. Oil prices jumped more than 20% on Monday to their highestlevels since July 2022, as tensions escalate and concerns mount over potentialdisruptions to energy supplies and shipping through the waterway.
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