Though the US-Israel joint war against Iran has hurt the Gulf’s regional foe but has also restricted the Middle East countries’ vital oil and energy exports as the Strait of Hormuz remains choked.

Iraqis inspect damaged structures at the site of an airstrike on a Popular Mobilization Forces base in Mosul, Iraq. (AP Photo)

Why China is being seen as a key player

After Iran and its allies in Iraq and Yemen threatened to block the Bab el-Mandeb waterway in the Red Sea, along with Hormuz, the Gulf states looked towards Chinese administration, noting that the war has exposed America’s limitations, sources told news agency Reuters. China remains the world’s largest buyer of oil, revealing its enormous power over global oil prices.

After the war broke out in February, China’s crude oil imports plunged due to soaring prices. In June, Chinese oil imports were down by over 40 per cent, in comparison to last year. Interestingly, the decline in oil imports hasn’t affected China’s domestic economy.

China steps up diplomatic outreach

Dozens of calls and meetings have been conducted between China’s Foreign Minister Wang Yi and his counterparts, who are seeking a ceasefire in the region as the conflict enters its sixth month. Meanwhile, China’s special envoy Zhai Jun has held talks in Gulf Arab capitals as well as Tehran, Reuters reported.

“China has maintained close communication with all parties, and has consistently worked to stop the fighting and promote peace,” Beijing’s foreign ministry said in a statement.

Beijing’s economic ties with Gulf and Iran

Seeking help from China to pause the West Asia conflict comes from the position of Beijing, which has been both a major buyer of oil from the Gulf and reportedly the biggest trading partner of Iran.

“There’s huge respect between the Gulf and China, and they are a big trading partner, so any issue is raised in a very quiet manner,” the source told Reuters.

Iran maintains Hormuz stance

Iran has reiterated that it will maintain its control over the Strait of Hormuz after being attacked by the US military amid talks that were ongoing over the nuclear programme.