China’s Foreign Minister Wang Yi is calling for the immediate reopening of the Strait of Hormuz, the narrow waterway that functions as the world’s most important oil chokepoint. The push comes on the heels of an initial peace agreement between the US and Iran.
While the strait was restricted, Iran reportedly started accepting Bitcoin and Chinese yuan for vessel transit fees.
What happened at the strait
On June 15, 2026, Chinese officials publicly urged the restoration of normal navigation through the Strait of Hormuz. Chinese foreign ministry spokesperson Lin Jian echoed Wang Yi’s position, framing the reopening as essential for global trade stability.
Back in early May 2026, Wang Yi met with Iranian Foreign Minister Abbas Araghchi, pressing for the restoration of normal navigation “as soon as possible.”
