Accordingly, Ambassador Ni Jian quoted to Reuters
If there happens to be a very unsafe situation we will consider having our navy escort our commercial vessels. We are studying the U.S. proposal on Gulf escort arrangements.
Reuters comments that it remains unclear whether the US has officially requested Beijing to participate.
In light of the increasing tension in the Strait, Saudi Arabia Minister met with US to discuss freedom of navigating through the area, stating that they will cooperate to ensure safety in the area.
Concluding, the ongoing tensions in the area seem to be a challenge for the shipping industry to collaborate; Thus, Reuters provided a timeline of the events that feed the escalated tension among major state players, like US and Iran.