Mapping conflict between Israel and Iran
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As an unprecedented Israeli attack on Iran last week sparks a spiraling conflict between the two enemy states, China has seen an opportunity to cast itself as potential peace broker – and an alternative voice to the United States.
China suggested the US use its influence with Israel to stop the conflict with Iran from spilling over, a sign Beijing is becoming increasingly concerned about the stability of a region it relies on for energy supplies.
Chinese refineries have become hooked on cheap imports of sanctioned Iranian crude.
Rising tensions in the Middle East will accelerate natural gas negotiations between Russia and China, with a decision likely this year, the head of a think-tank that advises the Russian government on China told Reuters.
Both countries have closed their airspaces, leaving few options for citizens of other countries seeking to leave.
Welcome to the Trading Day blog for Wednesday, June 18. ASX 200 to slip. Oil stocks on watch amid deal-making, Middle East tensions.
The planes were reportedly carrying military supplies or restricted goods, potentially reinforcing Iran’s defence capabilities amid its standoff with Israel. The secrecy surrounding the landings, including the transponder shutdowns and unannounced arrivals in Tehran,
Since shortly after it was founded in 1948, Israel has been intent on building a nuclear program to ensure its survival.
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