Beijing expresses concern over major trade routes through Gulf
BEIJING (dpa): Beijing called on Monday for the international community to work towards de-escalation of the Iran crisis, given the risk of a blockade of the Straits of Hormuz at the mouth of the Gulf.
Foreign Ministry spokesman Guo Jiakun said China was also calling on the international community to prevent instability in the region from spilling over into the global economy.
The Gulf and the surrounding waters are an important international route for freight and energy, he said.
Maintaining security and stability in the region is in the interest of the international community, Guo said.
Iran's parliament has backed closing the vital strait through which much of the world's crude oil and gas pass in response to the bombing attack on Iran's nuclear facilities by the United States over the weekend.
China is a major economic partner of Iran, drawing much of its crude oil from the Middle Eastern country.
Beijing also stands accused of providing Iran with goods important for military and civilian purposes. - dpa
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
33 minutes ago
- The Star
World's youngest self-made woman billionaire Lucy Guo says craving work-life balance means you're in wrong job
Lucy Guo, world's youngest self-made woman billionare and cofounder of ScaleAI. -- Photo courtesy of Guo's Instagram HANOI (VNExpress/Vietnam News): Lucy Guo, the world's youngest self-made female billionaire and cofounder of AI firm Scale AI, believes wanting a strict work-life balance could be a sign that someone is in the wrong job. In an interview with Fortune magazine, the 28-year-old said she does not see her job as work in the traditional sense. "I love doing my job," she said. "I would say that if you feel the need for work-life balance, maybe you're not in the right work." Her daily routine starts at 5:30 a.m. with two to three high-intensity workouts at a training bootcamp, followed by work from 9 a.m. until midnight. "Some days, I am doing more marketing pushes. I'm talking to our PR, I'm doing podcasts, etc," she told Fortune. "Other days I am more product-focused... Reviewing designs, giving user experience feedback." She eats lunch at her desk and never cooks, relying entirely on food delivery service UberEats, she said. Despite working up to 90 hours a week, Guo said she still finds one to two hours each day for family and friends. "You should always find time for that, regardless of how busy you are." While younger generations increasingly prioritize work-life balance, Guo's schedule reflects a growing norm among startup founders. Zoom CEO Eric Yuan shares a similar view. "Work is life, life is work," he said on a recent podcast episode. Despite his demanding schedule, he stressed that family still comes first: "Whenever there's a conflict, guess what? Family first. That's it." Saudi Princess Noura bint Faisal Al Saud, CEO of consulting firm Culture House, echoed the mindset. "I'm always working 24/7 I'm a workaholic, so I don't stop working because I enjoy what I do." Guo, who dropped out of Carnegie Mellon University, later cofounded Scale AI with Alexandr Wang, now the world's youngest self-made billionaire with a net worth estimated at $3.6 billion, according to Forbes. After leaving the company in 2018, she retained a 5% stake, which is now worth an estimated $1.2 billion following Scale's valuation surge to US$25 billion in 2025, reported by Entrepreneur magazine. S he is now CEO of Passes, a platform that helps digital creators monetise their content. -- VNExpress/Vietnam News
Barnama
an hour ago
- Barnama
Rubber Market Ends Lower On Weak Regional Cues, Middle East Tensions
She noted that market sentiment was further dampened by the global economic uncertainty stemming from the escalating conflict in the Middle East, mixed benchmark crude oil prices, and weak Chinese economic data. KUALA LUMPUR, June 23 (Bernama) -- The Malaysian rubber market ended lower today, weighed down by weaker cues from regional rubber markets, said a dealer. 'Asian stocks fell on Monday as risk appetite was battered by the United States' (US) attack on Iran's nuclear sites over the weekend, marking a potentially dire escalation in the Middle Eastern conflict,' she told Bernama. She added that Brent crude oil prices rose sharply in early Asian Trade on Monday, as the US strike heightened fears of supply disruption, although crude pared some of its early gains later in the day. On another note, China's Fiscal revenue fell 0.3 per cent year-on-year in the first five months of 2025, amid mounting economic pressure from US tariffs and global trade uncertainties.
The Star
3 hours ago
- The Star
Beijing expresses concern over major trade routes through Gulf
BEIJING (dpa): Beijing called on Monday for the international community to work towards de-escalation of the Iran crisis, given the risk of a blockade of the Straits of Hormuz at the mouth of the Gulf. Foreign Ministry spokesman Guo Jiakun said China was also calling on the international community to prevent instability in the region from spilling over into the global economy. The Gulf and the surrounding waters are an important international route for freight and energy, he said. Maintaining security and stability in the region is in the interest of the international community, Guo said. Iran's parliament has backed closing the vital strait through which much of the world's crude oil and gas pass in response to the bombing attack on Iran's nuclear facilities by the United States over the weekend. China is a major economic partner of Iran, drawing much of its crude oil from the Middle Eastern country. Beijing also stands accused of providing Iran with goods important for military and civilian purposes. - dpa
