China’s Foreign Minister Wang Yi will visit North Korea on Thursday for a two-day trip at Pyongyang’s invitation, his first since September 2019, SCMP reports
China's Foreign Minister Wang Yi's upcoming visit to North Korea, the first in four years, underscores a revival in diplomatic ties as Beijing seeks to strengthen its relationship with Pyongyang.
[MARKET ANALYSIS] Energy slumps as US-Iran secure a temporary ceasefire ahead of deadline
Omani Transport Minister says no fees can be imposed on the Strait of Hormuz according to the signed agreements
China’s Foreign Minister Wang Yi will visit North Korea on Thursday for a two-day trip at Pyongyang’s invitation, his first since September 2019, SCMP reports
Explosions heard at the Lavan oil refinery (50k BPD) in Iran, Mehr reports; origin of the explosion is not known
[MARKET ANALYSIS] Global equities find comfort following the two-week ceasefire announcement
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- The visit comes as Beijing increases engagement with North Korea through recent high-level exchanges, the report notes
- Earlier this year, China's Xi told Kim Jong-un he was ready to open a new chapter in China-DPRK friendship.
This development may signal a shift in regional dynamics, potentially impacting market sentiment towards risk assets, especially if it leads to further economic cooperation or stability in the region.
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