China Engages Iran, Israel, Seeking 'Real Ceasefire': Ministry Statement

China Engages Iran, Israel, Seeking 'Real Ceasefire': Ministry Statement

China has stepped up its diplomatic efforts to broker a lasting ceasefire between Israel and Iran, according to a statement from the Chinese Ministry of Foreign Affairs. This move comes amidst heightened geopolitical tensions in the Middle East, where a 12-day conflict between Israel and Iran has caused significant market volatility, particularly in the cryptocurrency sector.

The Chinese Ministry of Foreign Affairs stated that it is "willing to work with relevant parties to enhance communication and promote peace and stability in the region." This statement follows a series of diplomatic efforts by China, including a proposed U.N. draft resolution for an immediate ceasefire and discussions between Chinese officials and Iranian counterparts [2].

The ceasefire, brokered by the United States, is expected to be phased in over 24 hours, according to a statement by U.S. President Donald Trump on Truth Social. This ceasefire comes after a U.S. strike on Iranian nuclear sites and a retaliatory missile attack by Iran on a U.S. military base in Qatar [3].

The market reaction to the ceasefire announcement has been positive, with Bitcoin [BTC] recovering 8% to $106,000 following the ceasefire deal. The cryptocurrency briefly retested $106K on June 23rd, extending its recovery from a weekend low of $98k [1]. Despite market fluctuations, the ceasefire has helped ease tensions and boost market confidence.

However, the effectiveness of China's diplomatic efforts remains to be seen. Experts note that China's influence in the region is primarily commercial, with its main presence being a significant oil and gas importer from the Middle East. While China has tried to cast itself as a peacemaker, its past diplomatic breakthroughs have had limited impact [2].

In the meantime, the market is closely watching for any further developments that could impact the ceasefire and the broader geopolitical situation. The U.S.'s involvement in the Middle East could also have implications for its relationship with China, particularly in the context of U.S.-China trade tensions and the situation in Taiwan [2].

References:
[1] https://ambcrypto.com/bitcoin-how-the-israel-iran-ceasefire-affects-btcs-short-term-outlook/
[2] https://www.washingtonpost.com/world/2025/06/24/iran-israel-us-china/
[3] https://www.local3news.com/regional-national/the-latest-trump-says-iran-and-israel-will-have-a-phased-in-ceasefire-over-24/article_0ebc6ec8-55ba-543f-9c3e-17a75d8c96ac.html