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US-Iran ceasefire collapse revives risks of global inflation

South China Morning Post 09 July 2026 13h ago
US-Iran ceasefire collapse revives risks of global inflation
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China called on the United States and Iran to stick with peace plans after a resumption of missile strikes in the Middle East spurred a jump in oil prices. “Reigniting the conflict does not serve any party’s interests,” a spokesman for China’s Ministry of Foreign Affairs said on Wednesday. “We call on the US and Iran to follow through on their memorandum of understanding, resolve disputes through
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