Beijing's foreign ministry urges restraint after Middle East tensions escalate (AFP)

China finally reacts to raging Iran-US war, says ‘prevent spillover of fighting’

China on Monday issued its first reaction to the escalating US-Iran conflict, urging efforts to prevent the fighting from spreading further across the region. Beijing’s foreign ministry urges restraint after Middle East tensions escalate (AFP) In a statement, the China foreign ministry said on the Iran conflict: “Prevent spillover of fighting.” “The most urgent task…

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Hang seng slides as US-Iran conflict weighs on Asian markets; brent crude spikes 5%, OPEC warns of supply risk

Hang seng slides as US-Iran conflict weighs on Asian markets; brent crude spikes 5%, OPEC warns of supply risk

Brent Crude prices spiked as much as 5% on Monday following the US airstrikes on Iran’s key nuclear facilities on Sunday. The move ended days of speculation over whether the US President Donald Trump would join Israel in its confrontation with Iran.While prices surged initially, they soon pared gains. The attacks on Fordow, Natanz and…

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