China has urged a comprehensive ceasefire following a U.S. naval blockade of Iranian ports in the Strait of Hormuz. The move threatens global energy supplies and complicates diplomatic efforts to stabilize the Middle East.
- U.S. blockade began Monday at 10:00 a.m. ET
- China warns of risks to the April 7 ceasefire
- Beijing denies allegations of supplying weapons to Iran
- Brent crude fell to $98.44; WTI fell to $96.48
- Blockade triggered by failed peace talks in Islamabad
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