Commodities May 6, 2026 04:24 AM

Iranian FM Visits Beijing Ahead of Trump-Xi Talks, Underlining Energy and Diplomatic Stakes

Abbas Araqchi meets China’s top diplomat as calls intensify to reopen Strait of Hormuz and shore up fragile talks with the United States

By Leila Farooq

Iranian Foreign Minister Abbas Araqchi met with China’s top diplomat in Beijing on Wednesday, underscoring close Sino-Iran ties as U.S.-China leaders prepare to meet. The visit — Araqchi’s first to China since the U.S.-Israeli war on Iran sparked a historic global oil supply shock — focused on diplomacy, security in the Strait of Hormuz and nuclear issues. Chinese officials urged an immediate cessation of hostilities and a return to safe maritime passage, while Iran reiterated its openness to negotiations conditioned on a fair, comprehensive deal.

Iranian FM Visits Beijing Ahead of Trump-Xi Talks, Underlining Energy and Diplomatic Stakes

Key Points

  • Iranian Foreign Minister Abbas Araqchi met China’s top diplomat in Beijing on Wednesday, marking Araqchi's first trip to China since the U.S.-Israeli war on Iran triggered a historic global oil supply shock.
  • Iran reiterated its commitment to diplomacy while stressing readiness to defend itself; Araqchi said Iran "only accept[s] a fair and comprehensive agreement" in talks with the United States.
  • China urged an immediate end to hostilities, restoration of normal and safe passage through the Strait of Hormuz, and affirmed Iran’s right to peaceful nuclear energy while appreciating Iran’s commitment not to develop nuclear weapons.

Beijing meeting frames diplomatic push ahead of U.S.-China summit

Iranian Foreign Minister Abbas Araqchi met with China’s most senior diplomat in Beijing on Wednesday, a high-profile visit that highlights deepening diplomatic engagement between Tehran and Beijing just days before U.S. President Donald Trump is due to travel to meet China’s leader. The trip was announced by state news agency Xinhua and is Araqchi’s first visit to China since the U.S.-Israeli war on Iran triggered what has been described as the most severe global oil supply shock in history, posing a direct risk to China’s energy security as the world’s top crude importer.

Statements from Tehran and Beijing

Following the meeting, Iran’s foreign ministry said Araqchi updated Foreign Minister Wang Yi on talks with the United States. According to the Iranian Students’ News Agency, Araqchi stressed Iran’s dual posture of defensive strength and diplomatic engagement, stating:

"Iran, just as it demonstrated strength in defending itself and remains fully prepared to confront any aggression, is also serious and steadfast in the field of diplomacy."

The Iranian statement added Araqchi pledged to "do our best to protect our legitimate rights and interests in the negotiations," and emphasized Iran's negotiating stance: "We only accept a fair and comprehensive agreement," referring to talks between Tehran and Washington.

China’s foreign ministry, speaking after the bilateral talks, characterized the regional environment as poised at "a critical juncture of transition from war to peace." The ministry said:

"China believes that a complete cessation of hostilities is imperative, restarting the conflict is unacceptable and persisting in negotiations is particularly important."

The Chinese statement also called on the "parties involved" to restore "normal and safe passage" through the Strait of Hormuz without delay. On the nuclear dimension, Beijing reportedly said:

"China appreciates Iran’s commitment not to develop nuclear weapons, while also recognizing Iran’s legitimate right to the peaceful use of nuclear energy."

Pressure on China to act on maritime security

Earlier this week, U.S. Treasury Secretary Scott Bessent publicly urged China to increase its diplomatic efforts to persuade Iran to reopen the Strait of Hormuz to international shipping. Bessent said President Trump and President Xi would exchange views on Iran during their talks in Beijing on May 14 to 15, and that the two leaders would seek to maintain momentum in the U.S.-China relationship following a trade truce in October.

Bessent called on China to "join us in this international operation" to open the strait, though he did not specify particular measures Beijing should take. He also said China and Russia should cease blocking initiatives at the United Nations, including a resolution that would encourage steps to protect commercial shipping in the waterway.

Escalating maritime confrontations and a fragile truce

This week saw renewed maritime attacks by both U.S. and Iranian forces in the Gulf as each side sought to assert control over the strait through competing blockades, undermining an already fragile truce. President Trump later said the U.S. Navy would assist merchant vessels in transiting the strait, though that operation was subsequently paused after he reported "great progress" toward a comprehensive agreement with Iran. There was no immediate response from Tehran to that statement.

On Monday, the Iranian foreign minister noted that recent attacks, occurring after Tehran said it was considering Trump's request for talks, demonstrated that a military solution to the crisis did not exist.

China’s diplomatic balancing act

China has launched an intensive diplomatic effort and largely avoided sharp criticism of U.S. conduct in the conflict, a posture aimed at enabling the forthcoming summit between the two leaders - a meeting that had already been postponed once because of the conflict.

Ali Wyne, an advisor at the International Crisis Group, said:

"Given the role that China played in helping to bring Iran to the negotiating table the first time around, I imagine that China will play an important role diplomatically if Iranians could come back to the negotiating table."

Wyne added that China likely fears a prolonged U.S.-Iran confrontation would further strain its relationships with Gulf countries.

Energy ties and sanctions friction

Prior to the conflict, China purchased more than 80% of Iran’s shipped oil, according to data for 2025 from analytics firm Kpler. In a recent escalation of its resistance to U.S. sanctions targeting Chinese refiners that have bought Iranian crude, China’s Ministry of Commerce ordered companies not to comply with U.S. sanctions on five independent refiners, including the recently designated Hengli Petrochemical. Beijing said it was invoking, for the first time, a law permitting retaliation against entities that enforce sanctions it deems unlawful.


Implications

The meetings in Beijing underscore the complex interplay between diplomacy and energy security as high-level talks approach. China’s positioning reflects concern for uninterrupted crude supplies and regional stability, while Iran’s public stance reiterates a conditional openness to negotiate provided terms are deemed fair and comprehensive.

Risks

  • Renewed maritime attacks and duelling blockades in the Gulf threaten shipping through the Strait of Hormuz, posing downside risks to energy supply and markets tied to crude transport.
  • Political friction over sanctions and China’s refusal to comply with U.S. penalties on some refiners could heighten trade and legal disputes affecting the oil refining sector and international commerce.
  • A protracted U.S.-Iran confrontation risks straining China’s relations with Gulf countries and complicating diplomatic avenues, potentially prolonging market uncertainty for energy and regional trade.

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