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News India Live, Digital Desk: After the deepening war in West Asia, the eyes of the world are now fixed on China’s next step. Amidst the latest US Navy siege in the Strait of Hormuz and the ongoing fierce tension with Iran, Chinese President Xi Jinping has made a big diplomatic move. During his meeting with Crown Prince Sheikh Khalid of Abu Dhabi in Beijing, Jinping presented his ‘4-Point Peace Plan’ for lasting peace in the Middle East. This proposal of Jinping has come at a time when the peace talks in Islamabad have failed and the threat of energy crisis is looming all over the world.
Jinping’s warning against jungle raj, targets America
President Xi Jinping has strongly criticized the US Navy’s blockade of Iranian ports in the Strait of Hormuz. He said in clear words that the world cannot be allowed to return to ‘Jungle Raj’. According to Jinping, it is essential to uphold the dignity of international law. Without naming anyone, he advised America that selectively following international laws is fatal for global stability.
4 main points of Xi Jinping’s peace plan:
President Jinping has put forward the following four points before the world to reduce tension between the Gulf countries and Iran:
peaceful coexistence: Gulf countries will have to come closer to each other and build a sustainable security framework.
Respect for sovereignty: The territorial integrity and sovereignty of any country should not be violated.
International law: There must be strict adherence to the Charter of the United Nations and international rules.
Balancing development and security: Development is not possible without security and development is not possible without security, all parties have to work together to create a positive environment.
Tension in Hormuz: China broke the American siege?
According to reports, while on one hand the US has deployed the Navy to completely block the export of Iranian oil through the Strait of Hormuz, on the other hand, China has continued to pass its ships through the Strait of Hormuz despite this blockade. Jinping has made it clear that China will continue to play its ‘constructive role’ to advance peace talks in the region. On the other hand, US President Donald Trump has indicated that he is ready for a second round of talks with Iran, which has raised some hope that the fire of war will subside.
Impact on global market: Rise in crude oil prices
About 20% of the world’s crude oil passes through the Strait of Hormuz. The siege of this strategic route has created a stir in the global energy market. If Jinping’s peace proposal is not successful and tensions increase further, then there is sure to be a huge jump in the prices of petrol and diesel in the coming days. This situation is also very worrying for countries like India, which depend on this sea route for their energy needs.