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China Calls for Comprehensive Ceasefire in Iran-US War

Wang Yi said China was deeply distressed by the conflict as oil prices fell more than $13 and Wall Street rallied on ceasefire hopes.

Summary by castanet.net
Markets on Wall Street soared overnight and U.S. crude prices plunged 13% after China's foreign minister on Wednesday called for a comprehensive ceasefire in the Iran war, the latest spark of optimism that the two-month war could end soon. Futures for the S&P 500 rose 1% before the opening bell,...

8 Articles

In mid-May, US President Donald Trump is expected in Beijing. A week earlier, China's government is working on Iran, strengthening its negotiating position with the US.

·Zürich, Switzerland
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Beijing Foreign Minister Wang Yi received his Iranian counterpart in the run-up to the planned summit between Xi Jinping and Donald Trump.

·Düsseldorf, Germany
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Handelsblatt broke the news in Düsseldorf, Germany on Wednesday, May 6, 2026.
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