US Pushes China You Control Iran
China told its independent refineries to
disregard U.S. sanctions over their purchases of Iranian crude.
·
Strong warning: The U.S., under Donald Trump, urged China to push
Iran to reopen the Strait of Hormuz.
·
Key accusation: Treasury Secretary Scott Bessent said China’s oil
purchases from Iran are effectively funding terrorism.
·
Energy stakes: China buys roughly 90% of Iran’s oil exports,
keeping Iran’s economy afloat despite sanctions.
·
Sanctions escalation: The U.S. has intensified measures targeting
Chinese firms, especially independent “teapot” refineries.
·
Notable action: Sanctions imposed on Hengli Petrochemical Refinery
for purchasing Iranian crude linked to Iran’s military networks.
·
China’s response: Beijing ordered companies to ignore U.S.
sanctions, invoking its 2021 “blocking statute” to shield domestic firms.
·
Rising tensions: This creates a new flashpoint between the world’s
two largest economies, beyond earlier trade disputes.
·
Strategic backdrop: The Iran war has reopened U.S.–China rivalry,
especially around energy security and global influence.
·
Upcoming diplomacy: Iran and energy issues are expected to dominate
the Trump–Xi Jinping meeting in Beijing.
·
Broader friction: China has also taken assertive steps in tech
policy, signaling wider geopolitical competition.
·
Key takeaway: The Strait crisis is evolving into a major
geopolitical contest, with energy flows, sanctions, and U.S.–China
relations tightly intertwined.
[ABS News Service/05.05.2026]
The
United States on Monday (04.05.2026) urged China to push Iran to open the
Strait of Hormuz and said that its purchases of Iranian oil amounted to funding
global terrorism, delivering a stern rebuke ahead of President Trump’s meeting
in Beijing this month with the Chinese leader, Xi Jinping.
The
warning came from Treasury Secretary Scott Bessent, who will be participating
in the high-stakes meetings. Mr. Bessent has been leading an aggressive
campaign to cripple Iran’s economy with a blitz of new sanctions. He has also
been working to devise ways to increase oil supplies around the world to blunt
the impact of soaring energy prices. Gasoline hit an average of $4.45 per
gallon on Monday.
“Let’s
see if China — let’s see them step up with some diplomacy and get the Iranians
to open the strait,” Mr. Bessent said on Fox News on Monday. “Iran is the
largest state sponsor of terrorism, and China has been buying 90 percent of
their energy, so they are funding the largest state sponsor of terrorism.”
Tension
between the United States and China has eased since a year ago, when the Trump
administration triggered a trade war by hiking tariffs on Chinese imports and
China retaliated with export controls on critical minerals. But the Iran war
has opened a new front in their rivalry, as Chinese purchases of Iranian oil
keep Iran’s economy afloat.
In
recent weeks, the Treasury Department has intensified economic pressure on
China. It has specifically been targeting China’s independent “teapot”
refineries with sanctions and warning financial institutions that they will
face penalties for facilitating oil sales between Iran and China.
The
Treasury Department on April 24 imposed sanctions on an independent Chinese
refinery, Hengli Petrochemical Refinery, which is one of Iran’s largest
customers for crude oil and other petroleum products. Hengli has purchased
billions of dollars’ worth of Iranian crude from the Revolutionary Guards
Corps, which wields military, political and economic clout throughout Iran.
But
China responded this past weekend, ordering its companies not to comply with
the U.S. sanctions. China’s Ministry of Commerce invoked a 2021 “blocking
measure” that protects its firms from foreign laws that the Chinese government
believes violate international norms and unfairly restrict trade.
U.S.
sanctions are far-reaching economic tools that can block transactions and
freeze the international assets of companies around the world, essentially
cutting them off from Western financial services providers. China’s order to
disregard the sanctions will create a new point of tension between the world’s
two largest economies and could set the stage for additional decoupling of
their financial systems.
China
has been making other provocative moves ahead of the meeting between the two
leaders.
Last
Monday, the Chinese government said it would require the unwinding of Meta’s
acquisition of Manus, a Singapore-based artificial intelligence company with
Chinese founders, in a move that could chill other Chinese entrepreneurs from
seeking alliances with foreign partners.
Mr.
Bessent suggested that Iran would be high on the agenda when Mr. Trump meets
with Mr. Xi.
“The
threat of attacks from Iran has closed the strait — we are reopening it,” Mr.
Bessent said. “So I would urge the Chinese to join us
in supporting this international operation.”