China urges continuation of Iran ceasefire amid stalled negotiations
China has called for the continuation of the ceasefire in the Iran conflict, highlighting its role as a mediator amid stalled negotiations. The ceasefire, initially brokered by Pakistan, remains fragile as diplomatic efforts continue. China's position as the largest buyer of Iranian oil adds economic weight to its diplomatic stance.
- ▪The Iran war began in February 2026 after U.S. and Israeli strikes prompted Iranian retaliation.
- ▪A fragile ceasefire has been extended with China playing a key role in persuading Iran to maintain it.
- ▪China is the largest buyer of Iranian oil, giving it significant leverage in the diplomatic process.
- ▪The current US-Iran ceasefire market shows a 0.1% YES pricing, indicating low market confidence.
- ▪Diplomatic actions by China, Pakistan, and Qatar, as well as U.S. statements, are key indicators to watch.
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## Market Snapshot The US-Iran ceasefire market currently shows a 0.1% YES pricing, down from 1% 24 hours ago. Despite the lack of significant movement, China’s recent call for maintaining the ceasefire may suggest diplomatic progress. ## Key Takeaways – The call from China appears to indicate diplomatic pressure to sustain the Iran ceasefire. – China’s involvement as a major oil buyer suggests potential support for a peaceful resolution. – Markets appear to be cautious, with the current pricing not yet reflecting significant optimism. ## Article Body China has emphasized the urgent need to maintain the ceasefire in the ongoing Iran war, underscoring its role as a mediator in the conflict. The war began in February 2026 following U.S.
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