India-China Border Dispute Seeks Mediation

The border dispute between India and China has undoubtedly been hazardous especially for Asia and carrying a hidden secret. That some seditionists have been trying to make both states busy with the dispute is not unlikely as they have spread rumors that India is to block the route for oil imports for China and with this plan are cooking something in the region.

IRAN NEWS POLITICAL DESK

If we look at it from distance, we see hands of Zionist regime upon the order of the U.S. sedition coming out of the sleeve. China’s oil imports in the heat of the Coronavirus pandemic was a key factor in support of OPEC oil prices. China’s oil imports in March and April were almost fixed and stable figures. These imports supported global demands for oil in the condition that most countries were experiencing lockdowns. Then in May, China set a record of 11.34m bpd of crude oil imports. Some parts of these imports were economical for China because of accelerating its economic activities and actually because of very low oil prices in the market in April. So these two factors encouraged China to store more oil. Any rupture in China’s oil imports will mean rupture in revival of oil prices.

Some oil market analysts like experts in OilX Research Company believe that China’s crude oil imports hit a record high of 11.93 million bpd—an increase of 820,000 bpd from May levels. OilX analysts attribute this increase in June to the restart of its economy, along with favorable crude oil prices and spreads.

According to the oil news website Oil Price, in a condition that it is said China was nearly out of space in early June to hold all the oil, it is unknown how much of oil the biggest oil importer is to purchase oil in the upcoming months.  If the Strait of Malacca is blocked by India under the pretext of border dispute and political distraint, the oil prices may start an uptrend courseو and the trend for revival of global demands for oil after the COVID-19 crisis may delay more.

Threats for blocking the oil transportation routes are of course nothing new but such threats had not happened seriously and publicly before by one of the world’s oil consumers, India, for closing the route for imports of oil by China which is one of the major world oil consumers. India is aware of this issue more than any other country and grappling with this phenomenon that China’s oil import is one of the factors which has supported boosting the oil prices in the market in the current recession condition.

The recent disputes between India and China, while both are major oil importers in Asia and the world, may increase effective security threats in the Strait of Malacca which is the second important oil passage in the world.

The strategic situation of the Strait of Malacca lies on this point that it links the Indian Ocean to the Pacific Ocean and it is the shortest route for shipping oil used Middle East countries for exporting oil to the Asian markets like China, Japan and South Korea.

The relation between India and China in recent two decades has always been in full tension but its recent flare-up of tension in their border dispute has been the most violent one in the past 50 years since both countries experienced a war on demarcation of their borders.

What is important is that both countries are nuclear power states and escalation in their dispute will cause concerns for the UN and countries in the region. Both countries respect Iran a great deal, and in case our Foreign Ministry prepares the ground for mediation between these two superpowers, without any doubt it will help a great deal to Asia’s security and satellite countries of these two states. All officials of these two countries are fully aware of Iran’s justice-seeking nature, and of course with Iran’s involvement, the condition will totally change. Now it is up to the friendship groups in the Foreign Ministry to find ways for making foreign minister involved in this God-pleasing deed.