China has called on all parties to prioritize stability in the Strait of Hormuz, a critical maritime chokepoint responsible for 21% of global oil trade. Foreign Ministry spokesperson Guo Jiakun emphasized the need to "create favorable conditions" for resolving regional conflicts during a press briefing on April 20, 2026.
"Now that a window for peace has opened, efforts should focus on restoring normal navigation and ensuring energy security for all nations," Guo stated, reflecting Beijing's growing role as a mediator in Middle Eastern geopolitics.
The statement comes as shipping insurance premiums in the region have risen 18% this year due to heightened security concerns. Analysts suggest China's position aligns with its economic interests, given that 42% of its crude oil imports pass through the strait.
Business leaders and energy markets are closely monitoring developments, with the Asian Development Bank projecting that sustained instability could impact 2026 GDP growth across oil-dependent economies in Southeast Asia.
