Treasury Secretary Scott Bessent said Tuesday that China is effectively the only remaining major buyer of Iranian oil, as other countries avoid the trade for fear Washington could swiftly reimpose sanctions.
“The Iranians thus far have not been able to sell their oil, because the buyers are a little leary of, will it be re-sanctioned,” Bessent told Fox News. “No one other than China, who was already buying it when it was sanctioned, has bought it, so it’s still trading at a discount.”
According to a March report by the U.S.-China Economic and Security Review Commission (USCC), China imported nearly 1.4 million barrels of Iranian crude per day in 2025, making it by far Tehran’s largest customer….
US Pressure on Iran Leaves China as the Only Buyer of Iranian Oil
