FILE PHOTO: Chinese President Xi Jinping delivers his speech during a welcoming dinner, ahead of celebrations for the 25th anniversary of Macao’s handover from Portugal to China, in Macau, China, December 19, 2024. Anthony Kwan/Pool via REUTERS/File Photo

By Folarin Adeyemi Aluko

China has welcomed a breakthrough ceasefire agreement in the Middle East, signaling a potential pause in rising global tensions and offering a lifeline to an already strained world economy.

Speaking on Wednesday, officials in Beijing confirmed their support for the temporary truce between the United States and Iran, which will see both sides halt hostilities for an initial two-week period. The agreement also includes Iran’s decision to reopen the critical Strait of Hormuz—a move expected to stabilize global supply chains for oil, gas, and fertilizers.

The ceasefire announcement comes just hours before a high-stakes deadline issued by U.S. President Donald Trump, who had earlier threatened severe military action against Iran if negotiations failed. The last-minute breakthrough is now being seen as a major de-escalation in a conflict that had rattled international markets and heightened fears of a broader regional war.

China’s Foreign Ministry, through spokeswoman Mao Ning, described the agreement as a positive step forward. While she did not directly respond to claims by Trump that Beijing played a decisive role in bringing Iran to the table, she emphasized China’s ongoing diplomatic efforts.

“We have repeatedly introduced the efforts made by China,” Mao said, noting that Foreign Minister Wang Yi had engaged in at least 26 diplomatic calls with key stakeholders, while China’s special envoy to the Middle East conducted multiple shuttle visits across the region.

China has increasingly positioned itself as a global mediator, particularly in volatile regions where Western influence has traditionally dominated. Analysts say Beijing’s involvement in this ceasefire highlights its growing diplomatic leverage and ambition to shape global conflict resolution.

Under the terms of the agreement, Washington will suspend military strikes on Iran for two weeks, while Tehran’s reopening of the Strait of Hormuz is expected to ease pressure on global energy markets. The waterway is one of the most strategically important in the world, with a significant percentage of global oil shipments passing through it daily.

Meanwhile, Israel has expressed support for the U.S. decision to pause its bombing campaign against Iran, although it clarified that the ceasefire does not extend to Lebanon—raising concerns that tensions could persist in other parts of the region.

In a further development, Iran has proposed a 10-point peace framework aimed at achieving a more permanent resolution to the conflict. President Trump described the proposal as “workable,” suggesting that further negotiations could be on the horizon.

While the ceasefire offers a temporary reprieve, global attention remains fixed on whether the two-week window will lead to a lasting agreement—or merely delay another escalation.

For now, markets are reacting with cautious optimism, and the world watches closely as diplomacy attempts to hold the line where conflict nearly erupted.

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