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U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows

From cnbc.com

U.S. Secretary of State Marco Rubio on Sunday called for China to prevent Iran from closing the Strait of Hormuz, one of the most important trade routes for crude oil in the world. “I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Straits of Hormuz for their oil,” Rubio said in an interview on Fox News. China is Iran’s most important oil customer and maintains friendly relations with the Islamic Republic. Iran’s foreign minister warned earlier Sunday that the Islamic Republic “reserves all options to defend its sovereignty,” after the U.S. bombed three key ... (full story)

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  • Category: Fundamental Analysis