Taiwan Weighted Index closed down 461.97 points, or 1.02%, at 44,762.32 on Monday, Aug. 24.

Iran's foreign ministry spokesman said reports that millions of barrels of oil transit the Strait of Hormuz daily are enemy psychological warfare and not factual.

Aug 24, 2026, Beijing — China foreign minister said the Gulf is at a critical juncture and that the old cycle of recurring conflict must not be repeated. He urged disputing parties to seek solutions at the negotiating table rather than by force, said steps toward a ceasefire and ending hostilities must not be reversed, and called on parties to respond to international appeals for peace and to prioritize the welfare of regional populations. The immediate priority is de‑escalation and a return to dialogue. China said it will strengthen coordination with Kuwait and continue contributing to the restoration of regional peace and stability.