China cuts Iranian oil purchases by 40%, US Treasury Secretary says

GeopoliticsCommodity Impact 4
โดย Investing.com·Read original
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U.S. Treasury Secretary Scott Bessent said China has reduced its crude oil purchases by approximately 40% in recent months, significantly cutting Iran's oil revenues. Bessent told Fox Business Network that U.S. sanctions on Chinese teapot refineries, which are privately owned facilities, have led to a substantial drop in their Iranian oil purchases. He noted that China's overall crude purchases have declined due to current prices and the country's large strategic petroleum reserve. The reduction in Chinese purchases is placing direct pressure on the Iranian government, Bessent added.

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