US Treasury Secretary Scott Bessent said in a Fox Business interview that Chinese purchases of Iranian oil have declined substantially, according to an N12 report. His comment adds to a series of public statements on the US sanctions regime targeting Iranian oil exports.
US Treasury Secretary Scott Bessent claimed in a Fox Business interview that Chinese purchases of Iranian oil have declined significantly, according to an N12 report. The statement adds to a series of public remarks by Bessent in recent weeks on the US sanctions regime targeting Iranian oil exports.
The Zioneer has previously reported on Bessent's comments, including his assertion that only China buys Iranian oil after sanctions relief, his characterization of sanctions relief as a 'carrot' that can be withdrawn, and his warning that Iran will lose the zero-sum game. Other US officials, including Energy Secretary Chris Wright, have described the sanctions as no longer effective.
Bessent's latest claim comes as the US continues to pressure Iran economically, though the exact metrics of Chinese oil purchases remain difficult to verify independently.
- DevelopingUS Treasury Secretary: only China buys Iranian oil after sanctions relief
- DevelopingUS energy secretary says Iran oil sanctions have become ineffective
- DevelopingUS Treasury Secretary Bessent: lifting Iran oil sanctions gives it a 'carrot' we can pull back
- DevelopingIran's oil exports plummet 84% in May, single source reports
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