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Bessent: US Blocking Hormuz Would Prevent CN from Accessing Iranian Oil
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US Treasury Secretary Scott Bessent said China hoarded up oil supplies and restricted exports of certain goods during the Middle East war, describing it as an unreliable global partner. In regard to this, the US communicated with Chinese officials. He added that a US blockade would ensure that Chinese vessels or other ships would be unable to pass through the Strait of Hormuz, noting that China could still obtain oil, but would no longer be able to access Iranian oil. Bessent declined to comment on whether China’s actions would affect US President Donald Trump’s planned visit to China in mid-May, but said Trump maintains a very good relationship with Chinese President Xi Jinping. He stated that Trump’s trip to China aims to demonstrate stability, adding that bilateral relations have remained highly stable since last summer. Such stability is driven from the top down, and communication is key, he underscored. Liu Pengyu, spokesperson for the Chinese Embassy in Washington, responded that the root cause of shortages facing the global energy market lies in tensions in the Middle East. He called for an immediate halt to military operations in the region to prevent further impact of Middle East instability on the global economy. He stressed that China has been committed to ending the conflict and will continue to play a constructive role. Auto-translated by AI AASTOCKS Financial News |
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