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Gatestone Institute senior fellow Gordon Chang joins ‘Varney & Co.’ to warn China and Iran’s oil alliance is an ‘attack on the dollar’ and a threat to global trade routes.
China's growing involvement in Middle East tensions is offering Beijing an opportunity to position itself as a strategic player as President Donald Trump weighs his next diplomatic moves with Iran.
Gatestone Institute senior fellow Gordon Chang joined FOX Business' Stuart Varney on "Varney & Co." to discuss how China is leveraging its relationship with Iran to project influence while signaling goodwill ahead of a potential high-stakes meeting with President Donald Trump.
Gatestone Institute senior fellow Gordon Chang joins ‘Mornings with Maria’ to break down China’s role in Iran’s ceasefire and President Donald Trump’s warning of sweeping tariffs on nations backing Tehran.
Recent developments in the Strait of Hormuz highlight the depth of coordination between Beijing and Tehran, particularly as Iran pushes for transactions in Chinese currency, a shift that could challenge the dominance of the U.S. dollar in global energy markets.
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Chang pointed to China's broader role in sustaining Iran's position, noting that Beijing has provided extensive support short of direct military involvement.
Chinese President Xi Jinping applause during the plenary session of China’s National People’s Congress. (Lintao Zhang / Getty Images)
"Of course, they've been supporting Iran across the board, except for soldiers, sailors and pilots, but everything else," Chang said.
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At the same time, China is attempting to cast itself as a diplomatic intermediary. Chang said Beijing played a limited role in recent ceasefire efforts, but emphasized the strategic intent behind that involvement.
Zekelman Industries Chairman and CEO Barry Zekelman joins ‘Mornings with Maria’ to discuss how President Donald Trump’s tariffs are boosting U.S. steel, driving jobs and investment and countering China’s impact.
"It did play a small mediating role in the ceasefire… But the point is, China wanted to show that it was a mediator, show power, because President Trump is scheduled to go to the Chinese capital May 14th… So they want goodwill," Chang said.
The maneuvering underscores how China is balancing influence and optics, using diplomacy to strengthen its position as tensions in the region continue to evolve.
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Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement.
This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy