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China will no longer be able to buy Iranian oil — Bessent

Scott Bessent. Photo: Elizabeth Frantz / Reuters

China will no longer be able to buy Iranian oil. This statement was made by US Treasury Secretary Scott Bessent, according to Reuters.

"They will not be able to get their oil. They can get oil, but not Iranian oil," Bessent said.

The head of the US Treasury cited statistics. According to him, China bought more than 90% of all Iranian oil exports. This volume accounted for about 8% of China's total annual oil purchases.

In addition, Bessent criticized China's actions, accusing it of "unreliability" and "accumulation" of oil reserves in a global crisis.

The United States of America previously announced a blockade of the Strait of Hormuz, trying to block oil exports from Iran. At the moment, it is known about six tankers that the US Navy has banned from leaving the The Persian Gulf.

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12.07.2026

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