EADaily, March 3rd, 2026. One of the main victims of the shutdown of the transit of tankers through the Strait of Hormuz will be China. Beijing is putting pressure on Tehran not to disrupt shipping. Iran itself may turn out to be one of the main victims of the situation.

Boeing, US soybeans, and Trump tariffs are key topics as Beijing and Washington discuss aircraft deals, trade, and Taiwan amid rising tensions.

The escalating crisis tests China’s Gulf partnerships, oil security and ties with the United States, yet analysts say Beijing is more likely to recalibrate its language than its policy.

Kunlun, a small commercial lender controlled by China National Petroleum Corporation (CNPC), became the financial artery for China-Iran oil trade when US sanctions choked Iran's access to dollars.

In a conflict in which Iran’s retaliation has centered on waves of small attack drones, such support could prove to be crucial.

By Marius Zaharia HONG KONG, March 3 (Reuters) - For more than a decade China pledged to make the consumer sector a more prominent driver of economic growth but has struggled to achieve this goal. Analysts say potential costs in the trillions of dollars and risks that reform could bring instability are making officials wary of bold policy decisions.

At the National People’s Congress, representatives are expected to approve a five-year economic blueprint that will prioritize turning China into a technological superpower.

The move comes as Beijing escalates a sweeping purge of military officials. Read more at straitstimes.com. Read more at straitstimes.com.