China Pressures Iran to Rein In Houthis Amid Yemen Conflict
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Oil prices fell on Thursday following reports that China has urged Iran to help control the Houthi rebels in Yemen, after an appeal from Saudi Arabia. The Houthis' recent advances have disrupted Middle East supply routes, causing concern about global oil supplies. China, a major oil importer, has warned against escalating regional tensions. Meanwhile, the UN Secretary-General has called for de-escalation and diplomacy in the region.
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