Chinese Foreign Minister Wang Yi stated that Beijing will play a constructive role in securing a comprehensive Middle East ceasefire and resuming negotiations. The remarks were made during a meeting in Beijing with Khaldoon Khalifa Al Mubarak, special envoy of the UAE President. Wang emphasized that resolving regional conflicts requires pooled diplomatic efforts and commitment to peace.
Crude oil shipping costs on the TD3C route from the Arabian Gulf to China rose by 406% to reach $229.76 per metric ton at the end of September. The sharp increase in VLCC tanker rates has forced regional crude producers to deepen price discounts to remain competitive in Asian markets. Saudi Arabia reduced its official selling price for Arab Light crude by $3 per barrel for November.
Saudi Arabian Airlines announced that Captain Hamoud Ali Alkalthami died and an aircraft was damaged in attacks targeting Riyadh's airport on October 8. The airline activated emergency procedures and confirmed that scheduled flight operations normalized from 6:00 p.m. Thursday.
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