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China’s oil ties with Russia and Iran are trade flashpoints, US says
Fox Business· 2025-07-21 15:38
Treasury Secretary Scott Bessent said Monday that China’s dependence on Iranian and Russian oil is a key issue in upcoming trade talks between the world’s two largest economies. Despite U.S. sanctions, Beijing is the top importer of Iranian oil and the second-largest importer of Russian oil. TARIFF REVENUES ARE HITTING RECORD HIGHS, GENERATING $100B SO FAR Washington has long complained that Tehran and Moscow use the funds from their oil exports to finance terror and other destabilizing actions around the w ...