Al Jazeera News Updates China calls for de-escalation in Middle East, New York stock exchange
Mar 16, 2026
Kristen Salumi, a New York financial reporter covering live market moves. She discusses China calling for calm in the Middle East and its energy ties to the region. She also covers Wall Street’s cautious open, a small bounce amid downward trends, and geopolitical talks about the Strait of Hormuz and global energy flows.
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China Links Energy Security To De escalation
- China is urging de-escalation in the Strait of Hormuz while engaging with all sides over rising Middle East tensions.
- Beijing imports 40–50% of its oil from the Middle East, about 14% from Iran, and ~30% of its LNG transits the strait, linking its energy security to stability there.
Trump Pressures China Over Strait Of Hormuz
- Donald Trump suggested a summit with Xi Jinping could be delayed and urged China to help reopen the Strait of Hormuz.
- Trump claimed China gets “about 90%” of its oil from the region, though transcript notes actual imports are lower.
Markets Show Short Lived Bounce Amid Geopolitical Risk
- Wall Street opened with a modest bounce but markets remain fragile after three weeks of S&P 500 declines amid Middle East uncertainty.
- Kristen Salumi cautioned early gains under 1% mirror several short-lived upticks seen through last week's downtrend.