(Removes repetitive bullet)

BEIJING, Aug 24 (Reuters) - China's Foreign Minister Wang Yi said on ‌Monday the situation in the Middle East ‌and Gulf region had again reached a critical juncture ​and urged parties involved to return to dialogue and negotiations as soon as possible.

Wang made the remarks in a meeting with Foreign Minister ‌of Kuwait ⁠Sheikh Jarrah Jaber Al-Ahmad Al-Sabah in Beijing, according to a Chinese foreign ⁠ministry statement.

• Wang said "the old script of recurring conflict should not be repeated" and the ​top priority ​is to de-escalate ​the situation.

• He said ‌China was willing to strengthen coordination with Kuwait and continue contributing to the restoration of peace and stability in the region.

• The meeting came as the U.S. threatened Iran ‌with "the greatest financial offensive ever" ​targeting Iran's trade partners.

• ​Iran dismissed the ​U.S. threat and vowed to shut ‌down all oil exports ​from the ​Gulf "if the economic war continues" and issued a new warning to shipping not to ​pass through ‌the Strait of Hormuz without its permission.

(Reporting ​by Shi Bu and Liz Lee; ​Editing by Hugh Lawson)