Source: Fortune.com
Summary
China has declined to help the US reopen the Strait of Hormuz, as requested by President Donald Trump, amidst the ongoing Iran war. Instead, China is welcoming the delay in Trump’s highly anticipated trip to Beijing. Analysts say this development is a result of Trump’s underestimation of the fallout from Operation Epic Fury. The Chinese Foreign Ministry has called for an end to military operations and escalation in the region. The delay in the state visit is seen as beneficial for both the US and China, as it allows for more time to understand each other’s positions.
Our Reading
The numbers tell one story.
The US is struggling to reopen the Strait of Hormuz, with oil shipments halted and allies refusing to step up. China, meanwhile, is engaging with Middle Eastern countries to ease tensions and restore peace. The delay in Trump’s state visit is a welcome development for both sides, allowing for more time to define deliverables. The US business community has expressed concerns about the lack of preparation for the summit.
China is happy to delay the visit and reap the benefits as the US gets bogged down in the Middle East.
Author: Evan Null
