China Presses for Hormuz Ceasefire as Tanker Traffic Collapses and Export Risks Mount The #StraitofHormuz closure has cut #China-linked tanker transits to a fraction of pre-conflict levels, forcing #COSCO and other Chinese owners to reroute #VLCCs to Yanbu as Beijing presses for a ceasefire to protect its #energytrade and #exportoutlook.

The #StraitofHormuz closure has cut #China-linked tanker transits to a fraction of pre-conflict levels, forcing #COSCO and other Chinese owners to reroute #VLCCs to Yanbu as Beijing presses for a ceasefire to protect its #energytrade and #exportoutlook.