China calls for vessels in strait of Hormuz to be protected amid soaring shipping costs

US missile hit military base near Iran school, video analysis shows
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Amid escalating conflict and soaring shipping costs, China has called for the protection of vessels in the Strait of Hormuz. The strait, a critical route for global energy supplies, has been effectively closed following missile attacks between the US/Israel and Iran, disrupting approximately 20% of global seaborne crude oil and gas. China, a major importer of Iranian oil, urged all parties to de-escalate tensions and ensure safe navigation. The closure has choked off energy exports from Middle Eastern producers, leading to potential shortages and price increases, impacting countries like India, Korea, Thailand, and the Philippines. Recent incidents include attacks on tankers in the region, further exacerbating the situation.
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AI-ExtractedOnly seven vessels crossed the strait on 2 March, a 60% drop from the previous day.
The strait of Hormuz carries around 20% of global seaborne crude oil.
China calls for vessels passing through the strait of Hormuz to be protected.
Maritime traffic through the strait has effectively been closed since the US and Israel launched missile attacks on Iran.
Iranian forces claimed to have hit the Honduras-flagged fuel tanker Athe Nova in the strait with two drones.
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